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HIGHLIGHTS:

Nifty Futures closed at 24585 yesterday on a positive note, with a price gain of 1.70% and 2.01% decrease in the open interest, indicating a Short Covering. It closed at a premium of 44 points compared to its previous day’s premium of 31 points. Bank Nifty closed at 50625 yesterday on a positive note with price gain of 1.34% & 9.39% decrease in open interest indicating Short Covering. It closed at a premium of 108 points compared to its previous day’s increase of 228 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2323 Cr,

Sold Index Option worth 10019 Cr,

Bought Stock Futures to the tune of 8462 Cr,

Sold Stock Options to the tune of 869 Cr,

Net Sold in the derivative segment to the tune of 102.58 Cr.

In Cash Segment FII Bought 766.52 Cr & DII Bought 2606.18 Cr.

The India VIX index is at 14.44 vs 15.44, ATM CE IV 11.27 & PE IV 14.96

Index options PCR is at 1.05 v/s 0.82 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24500 and 24400 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 50500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 50500 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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