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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Technology sectors. Nifty Nov Future closed at 19303.60 (up 64.75 points) at a premium of 73.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 12.43 Cr and were net buyers in index futures to the tune of 1022.40 Cr.

* India VIX decreased by 1.73% to close at 10.88 touching an intraday high of 11.08.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19200, 19300 strike Puts while liquidation was seen in 19200, 19300, 19400, 19500 strike Calls indicating market is likely to remain bullish in the near term.

* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 10.55mn and 14.94mn respectively.

Outlook on Nifty:

Index is likely to open on a positive note today and is likely to remain positive during the day.

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