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HIGHLIGHTS:

Nifty

Nifty futures closed at 17672 on a positive note with 8.33% decrease in the open interest indicating Short Covering.

Nifty Futures closed at a premium of 78 points compared to the previous day premium of 78 points. BankNifty closed at 41423 on positive note with 2.15% increase in open interest indicating Long Build Up. BankNifty Futures closed at a premium of 172 points compared to the previous day premium of 238 points.

FII's were Buyers in Index Futures to the tune of 3938 and were Sellers in Index Option 5501 crores, Buyers in Stock Future 2475 Crores.

Net Buyers in the derivative segment to the tune of 743 crores. In cash, FII Bought 246 CR & DII Bought 2090 CR

FII's were Buyers in Index Futures to the tune of 3938 and were Sellers in Index Option 5501 crores, Buyers in Stock Future 2475 Crores. Net Buyers in the derivative segment to the tune of 743 crores.

In cash, FII Bought 246 CR & DII Bought 2090 CR

India VIX index is at 12.18 v/s 12.97 ATM CE IV 6.86 & PE IV 10.02

Bank Nifty

Index options PCR is at 1.17 v/s 0.76 & F&O Total PCR is at 0.86

Nifty Put options OI distribution shows that 17500 has highest OI concentration followed by 17400 & 17300 which may act as support for current expiry

Nifty Call strike 18000 followed by 17900 witnessed significant OI concentration and may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 41000 has highest OI concentration followed 40900 which may act as support for current expiry.

BankNifty Call strike 41500 followed by 41000 witnessed significant OI concentration and may act as resistance for current expiry.

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