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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals and Oil & Gas sectors. Nifty Apr Futures closed at 22748.50 (up 153 points) at a premium of 82.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 684.68 Cr and were net buyers in index futures to the tune of 1261.88 Cr.

* India VIX increased by 2.40% to close at 11.61 touching an intraday high of 11.74.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22600, 22500, 22400 strike Puts and at 22700, 22900, 23000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 15.96mn and 16.84mn 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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