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HIGHLIGHTS

Nifty futures closed at 17400 on a negative note with 2.95% increase in the open interest indicating Short Build Up. Nifty Futures closed at a premium of 78 points compared to the previous day premium of 82 points. BankNifty closed at 40628 on negative note with 4.83% decrease in open interest indicating Long Unwinding. BankNifty Futures closed at a premium of 238 points compared to the previous day premium of 212 points. FII's were Sellers in Index Futures to the tune of 533 and were Buyers in Index Option 18252 crores, Sellers in Stock Future 2581 Crores. Net Buyers in the derivative segment to the tune of 15015 crores.

In cash, FII Bought 12711 CR & DII Bought 2128 CR

India VIX index is at 12.97 v/s 12.99 ATM CE IV 9.88 & PE IV 11.76

Index options PCR is at 0.76 v/s 0.92 & F&O Total PCR is at 0.97 Nifty Put options OI distribution shows that 17000 has highest OI concentration followed by 17300 & 17400 which may act as support for current expiry. Nifty Call strike 17400 followed by 17500 witnessed significant OI concentration and may act as resistance for current expiry. BankNifty Put options OI distribution shows that 40000 has highest OI concentration followed 4005 which may act as support for current expiry. BankNifty Call strike 40500 followed by 40800 witnessed significant OI concentration and may act as resistance for current expiry.

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