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The session that was -

Nifty Futures closed 0.2% lower at 25,396 yesterday, with a 2.2% decrease in open interest, indicating Long Unwinding. The front-month contract closed at a premium of 19 points, down from 31 points premium in the previous session.

Bank Nifty closed the session 0.9% higher at 52,757 yesterday along with a 1.3% decrease in open interest, indicating that short positions were covered. The index settled at a premium of 7 points compared to 107 points premium seen in the prior session.

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 1,419 Cr

-Bought Index Options worth 39,803 Cr

-Bought Stock Futures to the tune of 2,163 Cr

-Sold Stock Options to the tune of 1,825 Cr

-Were net buyers in the derivatives segment to the tune of 41,560 Cr.

In the Cash Segment

FIIs Bought stocks worth 1,153 Cr & DII bought 152 Cr.

Volatility and PCR insights -

The India VIX index ended at 13.3 vs 12.6 with the Nifty ATM IV settling at 14.9, while Bank Nifty ATM IV finished at 18

Index options PCR ended at 0.89 v/s 1.04 from the previous session.

Options Open Interest Concentration for current expiration cycle –

Nifty Puts show the highest OI concentration at 25,000 followed by 25,300 and 25,200 which may serve as supports.

Nifty Calls have the maximum concentration at 26,000 followed by 25,500 which may act as resistances.

Bank Nifty Puts show the maximum concentration at 52,000 followed by 52,500 which will be key levels to monitor on the downside.

Bank Nifty Calls show heightened concentration at the 53,000 and 53,500 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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