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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Pharmaceuticals and Metals sectors. Nifty Apr Futures closed at 22583.60 (up 168.90 points) at a premium of 13.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 2823.33 Cr and were net sellers in index futures to the tune of 272.10 Cr.

* India VIX increased by 4.42% to close at 10.73 touching an intraday high of 11.46.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22100, 22200, 22400, 22500 strike Puts and at 22800, 22700, 22600, 22500 strike Calls indicating market is likely to remain range bound the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 7.58mn and 11.40mn 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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