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NIFTY HIGHLIGHTS

Nifty futures closed at 17231 on a positive note with 38.90% Increase in the open interest indicating Long Build Up. Nifty Futures closed at a premium of 132 points compared to the previous day premium of 121 points. BankNifty closed at 40222 on Positive note with 25.67% Increase in open interest indicating Long Build Up. BankNifty Futures closed at a premium of 312 points compared to the previous day premium of 286 points. FII's were Buyers in Index Futures to the tune of 2027 and were Buyers in Index Option 21614 crores, Buyers in Stock Future 16 crores. Net Buyers in the derivative segment to the tune of 23438 crores. In cash, FII Bought 1245 & DII Bought 823 CR India VIX index is at 13.63 v/s 15.10 ATM CE IV 12.17 & PE IV 9.80

Index options PCR is at 1.05 v/s 1.08 & F&O Total PCR is at 0.84 Nifty Put options OI distribution shows that 17000 has highest OI concentration followed by 16900 & 16800 which may act as support for current expiry. Nifty Call strike 17000 followed by 17500 witnessed significant OI concentration and may act as resistance for current expiry. BankNifty Put options OI distribution shows that 39500 has highest OI concentration followed 40000 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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