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NIFTY HIGHLIGHTS

Nifty futures closed at 16971 on a negative note with 31.51% Decrease in the open interest indicating Long Unwinding

Nifty Futures closed at a premium of 19 points compared to the previous day premium of 52 points

BankNifty closed at 39589 on Positive note with 23.56% decrease in open interest indicating Short Covering.

BankNifty Futures closed at a premium of 21 points compared to the previous day premium of 55 points.

FII's were Sellers in Index Futures to the tune of 931 and were Sellers in Index Option 8581 crores, Sellers in Stock Future 147 crores. Net Sellers in the derivative segment to the tune of 9844 crores.

In cash, FII Bought 1531 & DII Sold 156 CR

India VIX index is at 15.10 v/s 15.44 ATM CE IV 20.73 & PE IV 14.71

Index options PCR is at 0.80 v/s 0.85 & F&O Total PCR is at 0.98

Nifty Put options OI distribution shows that 17000 has highest OI concentration followed by 16800 & 16900 which may act as support for current expiry.

support for current expiry. Nifty Call strike 17000 followed by 17200 witnessed significant OI concentration and may act as resistance for current expiry.

concentration and may act as resistance for current expiry. BankNifty Put options OI distribution shows that 39500 has highest OI concentration followed 39000 which may act as support for current expiry.

BankNifty Call strike 39500 followed by 40000 witnessed significant OI concentration and may act as resistance for current expiry

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