Nifty futures closed at 14712 on a positive note with 17.66% - Axis Securities
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HIGHLIGHTS:
Nifty Options OI Distribution
Nifty futures closed at 14712 on a positive note with 17.66% decrease in open interest indicating Short Covering. Nifty Futures closed at a premium of 4 points compared to previous day discount of 3 points. BankNifty closed at 35120 on a negative note with 7.46% decrease in open interest indicating Long Unwinding. BankNifty Futures closed at a premium of 3 points compared to the previous day discount of 3 points.
FII's were Sellers in Index Futures to the tune of 160 crores and were Buyers in Index Options to the tune of 2607 crores, Buyers in the Stock Futures to the tune of 259 crores. Net Buyers in derivative segment to the tune of 3281 crores.
India VIX index is at 25.23 v/s 25.47.Nifty ATM call option IV is currently 22.46 whereas Nifty ATM put option IV is quoting at 20.50
Nifty Options - Change in OI
Index options PCR is at 1.06 v/s 0.91 & F&O Total PCR is at 0.96.
Among stock futures Long Build up are HINDALCO, FEDBANK, TVSMOTOR & TATASTEEL may remain strong in coming session.
Stock which witnessed Short Build up are LALPATHLAB, BANKBARODA, BANDHANBK & IGL may remain weak in coming session.
Nifty Put options OI distribution shows that 14000 has highest OI concentration followed by 14500 & 14700 which may act as support for current expiry.
Nifty Call strike 15000 followed by 14900 witnessed significant OI concentration and may act as resistance for current expiry.
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