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HIGHLIGHTS:

Nifty futures closed at 22544 yesterday on a positive note with price gain of 0.21% & 0.07% decrease in the open interest indicating Short Covering. It closed at a premium of 42 points compared to its previous day’s premium of 32 points. Bank Nifty closed at 48288 yesterday on a positive note with price gain of 0.19% & 0.47% decrease in open interest indicating Short Covering. It closed at a premium of 89 points compared to its previous day’s premium of 79 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 134 Cr,

Bought Index Option worth 14814 Cr,

Bought Stock Futures to the tune of 144 Cr,

Bought Stock Options to the tune of 1 Cr

Net Bought in the derivative segment to the tune of 15113 Cr.

In Cash Segment

FII Sold 93 Cr & DII Sold 153 Cr.

The India VIX index is at 20.52 vs 19.80, ATM CE IV 14.20 & PE IV 14.14

Index options PCR is at 1.24 vs 1.23 to its previous day closing

Nifty Put options OI distribution shows that 22400 has the highest OI concentration followed by 22500 and 22200 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 22500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47800 which may act as support for the current expiry.

BankNifty Call strike 48500 followed by 48000 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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