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Summary

*Indian markets closed on positive note where buying was mainly seen in IT, Financial Services, Oil & Gas Sectors. Nifty Apr Futures closed at 23777.65 (up 255.75 points) at a premium of 185.70 pts to spot. 

*FIIs were net buyers in Cash to the tune of 11,111.25 Cr and were net buyers in index futures to the tune of 838.85 Cr. 

*India VIX decreased by 1.26% to close at 13.30 touching an intraday high of 13.85.

*The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23700, 23600, 23500 strike Calls and at 23300, 23400, 23500 strike Puts indicating market is likely to remain range bound in the near term. 

*Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 10.99mn and 11.67mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day.

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