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HIGHLIGHTS:

Nifty Futures closed at 24401 yesterday on a positive note, with a price gain of 1.10% and 5.47% decrease in the open interest, indicating a Short Covering. It closed at a premium of 34 points compared to its previous day’s premium of 20 points. Bank Nifty closed at 50574 yesterday on a positive note with price gain of 0.73% & 4.52% decrease in open interest indicating Short Covering. It closed at a premium of 90 points compared to its previous day’s increase of 49 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 460.90 Cr,

Bought Index Option worth 95.68 Cr,

Bought Stock Futures to the tune of 3665.46 Cr,

Sold Stock Options to the tune of 1580.22 Cr,

Net Bought in the derivative segment to the tune of 2641.90 Cr.

In Cash Segment FII Bought 406.72 Cr & DII Bought 3979.69 Cr.

The India VIX index is at 15.34 vs 16.60, ATM CE IV 12.72 & PE IV 16.08

Index options PCR is at 0.81 v/s 0.66 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 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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