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HIGHLIGHTS:

Nifty Futures closed at 24375 yesterday on a negative note, with a price cut of 0.02% and a 0.32% Increase in the open interest, indicating a Short Build Up. It closed at a premium of 52 points compared to its previous day’s premium of 55 points. Bank Nifty closed at 52560yesterday on a negative note with price cut of 0.31% & 0.45 decrease in open interest indicating Long Unwinding. It closed at a discount of 100 points compared to its previous day’s premium of 64 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 473.46 Cr,

Bought Index Option worth 3179.88 Cr,

Sold Stock Futures to the tune of 3759.74 Cr,

Bought Stock Options to the tune of 439.50 Cr,

Net Sold in the derivative segment to the tune of 613.82 Cr.

In Cash Segment FII Bought 60.98 Cr & DII Sold 2866.79 Cr.

The India VIX index is at 13.60 vs 12.70, ATM CE IV 17.07 & PE IV 11.47

Index options PCR is at 0.98 v/s 1.00 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24200 and 24300 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 52000 has the highest OI concentration followed 52500 which may act as support for the current expiry.

BankNifty Call strike 53000 followed by 52500 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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