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HIGHLIGHTS:

Nifty futures closed at 23568 yesterday on a positive note with price gain of 0.43% & 2.15% Increase in the open interest indicating Long Build Up. It closed at a premium of 10 points compared to its previous day’s premium of 67 points. Bank Nifty closed at 50417 yesterday on a positive note with price gain of 0.75% & 4.94% Increase in open interest indicating Long Build Up. It closed at a discount of 23 points compared to its previous day’s premium of 40 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 779.02 Cr,

Sold Index Option worth 6891.75 Cr,

Sold Stock Futures to the tune of 710.20 Cr,

Sold Stock Options to the tune of 435.97 Cr,

Net Sold in the derivative segment to the tune of 7258.90 Cr.

In Cash Segment

FII Bought 2569.40 Cr & DII Bought 1555.73 Cr.

The India VIX index is at 12.96 vs 12.82, ATM CE IV 17.57 & PE IV 11.35

Index options PCR is at 1.20 vs 1.31 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 23400 and 23500 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 49500 which may act as support for the current expiry.

BankNifty Call strike 50500 followed by 50400 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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