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HIGHLIGHTS:

Nifty Futures closed at 24350 yesterday on a positive note, with a price gain of 0.61% and a 0.53% decrease in the open interest, indicating a Short Covering. It closed at a premium of 64 points compared to its previous day’s premium of 79 points. Bank Nifty closed at 53091 yesterday on a positive note with price gain of 1.38% & 13.77 increase in open interest indicating Long Build Up. It closed at a premium of 2 points compared to its previous day’s premium of 200 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2487.34 Cr,

Sold Index Option worth 3853.20 Cr,

Bought Stock Futures to the tune of 4597.68 Cr,

Sold Stock Options to the tune of 763.90 Cr,

Net Bought in the derivative segment to the tune of 2467.92 Cr.

In Cash Segment FII Bought 5483.63 Cr & DII Sold 924.43 Cr.

Index options PCR is at 1.13 v/s 1.00 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24200 and 23800 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 53000 has the highest OI concentration followed 52500 which may act as support for the current expiry.

BankNifty Call strike 53000 followed by 53500 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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