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The session that was -

Nifty Futures closed 0.3% higher at 25,372 yesterday3, with a 2.04% decrease in open interest, indicating Short Covering. The front-month contract closed at a premium of 59 points, up from 16 points premium in the previous session.

Bank Nifty closed the session 0.6% higher at 52,261 yesterday along with a 3.06% decrease in open interest, indicating that short positions were covered. The index settled at a premium of 108 points compared to 9 points discount seen in the prior session.

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 332 Cr

-Sold Index Options worth 31,416 Cr

-Sold Stock Futures to the tune of 4,213 Cr

-Sold Stock Options to the tune of 2,254 Cr

-Were net sellers in the derivatives segment to the tune of 37,550 Cr.

In the Cash Segment

FIIs sold stocks worth 1,635 Cr & DII bought 754 Cr.

Volatility and PCR insights -

The India VIX index ended at 12.4 vs 12.5 with the Nifty ATM IV settling at 13.3, while Bank Nifty ATM IV finished at 14.5

Index options PCR ended at 1 v/s 1.1 from the previous session.

Options Open Interest Concentration for current expiration cycle –

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

Nifty Calls have the maximum concentration at 26,000 followed by 25,400 which may act as resistances

Bank Nifty Puts show the maximum concentration at 51,500 followed by 52,000 which will be key levels to monitor on the downside.

Bank Nifty Calls show heightened concentration at the 53,000 and 52,500 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

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