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HIGHLIGHTS : 

Nifty futures closed at 17830 on a positive note with 2.65% increase in the open interest indicating Long Build Up. Nifty Futures closed at a premium of 43 points compared to the previous day discount of 52 points. BankNifty closed at 41149 on negative note with 8.04% increase in open interest indicating Short Build up BankNifty Futures closed at a premium of 158 points compared to the previous day premium of 184 points.

FII's were Sellers in Index Futures to the tune of 624 and were Buyers in Index Options to the tune of 4247 crores, Sellers in the Stock Futures to the tune of 791 crores. Net Buyers in the derivative segment to the tune of 2977 crores. In cash Segment, FII Bought 1569 CR & DII Sold 613 CR

India VIX index is at 15.92 v/s 16.60.ATM CE IV 13.97 & PE IV 14.94

Bank Nifty

Index options PCR is at 1.16 v/s 1.12 &F&O Total PCR is at 0.92 Nifty Put options OI distribution shows that 17700 has highest OI concentration followed by 17500 & 17600 which may act as support for current expiry. Nifty Call strike 18000 followed by 17800 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 41500 which may act as support for current expiry. BankNifty Call strike 41500 followed by 41300 witnessed significant OI concentration and may act as resistance for current expiry.

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