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HIGHLIGHTS:

Nifty Futures closed at 24840 yesterday on a positive note, with a price gain of 0.17% and 1.11% increase in the open interest, indicating a Long Build Up.

It closed at a premium of 29 points compared to its previous day’s premium of 28 points.

Bank Nifty closed at 51037 yesterday on a negative note with price gain of 0.45% & 3.88% decrease in open interest indicating Short Covering.

It closed at a premium of 51 points compared to its previous day’s increase of 121 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 607 Cr,

Sold Index Option worth 24001 Cr,

Sold Stock Futures to the tune of 1944 Cr,

Bought Stock Options to the tune of 510 Cr,

Net Sold in the derivative segment to the tune of 24827 Cr.

In Cash Segment

FII Bought 1371.79 Cr & DII Bought 2971.80 Cr.

The India VIX index is at 13 vs 13.33, ATM CE IV 10.62 & PE IV 14.04

Index options PCR is at 1.32 v/s 1.11 to its previous day closing.

Nifty Put options OI distribution shows that 24500 has the highest OI concentration followed by 24200 and 24400 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 25500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 51000 has the highest OI concentration followed 50500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 51500 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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