Market Summary:

* Indian markets closed on a flat note where buying was mainly seen in Metals, Pharma, Finance sectors. Nifty Dec Future closed at 13986.80 (up 9.35 points) at a premium of 5.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 1135.59 Cr and were net buyers in index futures to the tune of 19.30 Cr.

* India VIX decreased by 0.07% to close at 21.10 touching an intraday high of 21.51.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where liquidation in OI were seen in 14000, 13900 strike Puts and at 14000, 14100, 14200 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 14000 strike Call and 13900 strike Put, to the tune of 4.43mn and 3.72mn respectively.

Outlook on Nifty:

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

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