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HIGHLIGHTS:

Nifty Futures closed at 24359 yesterday on a positive note, with a price gain of 0.04% and a 0.62% increase in the open interest, indicating a Long Build Up. It closed at a premium of 57 points compared to its previous day’s premium of 64 points. Bank Nifty closed at 53166 yesterday on a positive note with price gain of 0.14% & 1.07 increase in open interest indicating Long Build Up. It closed at a premium of 62 points compared to its previous day’s premium of 2 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 898.20 Cr,

Sold Index Option worth 18257.7 Cr,

Sold Stock Futures to the tune of 1489.86 Cr,

Sold Stock Options to the tune of 87.17 Cr,

Net Sold in the derivative segment to the tune of 18936.60 Cr.

In Cash Segment FII Bought 2575.85 Cr & DII Sold 2375.18 Cr.

The India VIX index is at 12.86 vs 13.21, ATM CE IV 17.16 & PE IV 11.03

Index options PCR is at 1.03 v/s 1.13 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24200 and 24300 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 53000 has the highest OI concentration followed 52500 which may act as support for the current expiry.

BankNifty Call strike 53000 followed by 53500 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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