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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT, Metal. Nifty Nov Futures closed at 25811.40 (up 116.90 points) at a premium of 116.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 803.22 Cr and were net sellers in index futures to the tune of 612.00 Cr.

* India VIX increased by 1.54% to close at 12.49 touching an intraday high of 13.01.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25700,25800, 25900, 26000 strike Calls and at 25600, 25500, 25400, 25300 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 18.21mn and 16.58mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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