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HIGHLIGHTS:

Nifty futures closed at 23503 yesterday on a negative note with price cut of 0.27% & 0.91% Increase in the open interest indicating Short Build Up. It closed at a discount of 12 points compared to its previous day’s premium of 10 points. Bank Nifty closed at 51353 yesterday on a positive note with price gain of 1.86% & 8.96% Increase in open interest indicating Long Build Up. It closed at a discount of 45 points compared to its previous day’s discount of 23 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 4356.46 Cr,

Sold Index Option worth 7951.18 Cr,

Bought Stock Futures to the tune of 942.74 Cr,

Bought Stock Options to the tune of 105.55 Cr,

Net Sold in the derivative segment to the tune of 2546.43 Cr.

In Cash Segment

FII Bought 7908.36 Cr & DII Bought 7107.80 Cr.

The India VIX index is at 13.71 vs 12.96, ATM CE IV 17.53 & PE IV 12.11

Index options PCR is at 0.95 vs 1.20 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 23500 and 23400 which may act as support for current expiry.

Nifty Call options OI shows that 24000 has the highest OI followed by 23800 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 50500 followed by 50000 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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