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HIGHLIGHTS:

Nifty Futures closed at 23868 yesterday on a positive note, with a price gain of 0.58% and a 3.70% increase in the open interest, indicating a Long Build Up. It closed at a premium of 1 points compared to its previous day’s premium of 10 points. Bank Nifty closed at 52877 yesterday on a positive note with price gain of 0.38% & 23.1% decrease in open interest indicating Short Covering. It closed at a premium of 6 points compared to its previous day’s premium of 21 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2885.84 Cr,

Sold Index Option worth 8272.93 Cr, Bought Stock Futures to the tune of 6486.31 Cr,

Bought Stock Options to the tune of 816.79 Cr,

Net Bought in the derivative segment to the tune of 1916.01 Cr.

In Cash Segment FII Sold 3535.43 Cr & DII Bought 5103.67 Cr.

The India VIX index is at 14.04 vs 14.31, ATM CE IV 17.38 & PE IV 12.73  Index options PCR is at 1.27 v/s 1.34 to its previous day closing.

Nifty Put options OI distribution shows that 23500 has the highest OI concentration followed by 23300 and 23700 which may act as support for current expiry.

Nifty Call options OI shows that 24000 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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