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HIGHLIGHTS:

Nifty Futures closed at 24355 yesterday on a negative note, with a price cut of 0.53% and a 1.49% decrease in the open interest, indicating a Long Unwinding. It closed at a premium of 31 points compared to its previous day’s premium of 52 points. Bank Nifty closed at 52319 yesterday on a negative note with price cut of 0.56% & 8.46 decrease in open interest indicating Long Unwinding It closed at a premium of 129 points compared to its previous day’s premium of 47 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 3434.99 Cr,

Bought Index Option worth 18905.09 Cr,

Sold Stock Futures to the tune of 2075.97 Cr,

Sold Stock Options to the tune of 530.95 Cr,

Net Bought in the derivative segment to the tune of 12863.18 Cr.

In Cash Segment FII Bought 583.96 Cr & DII Bought 1082.40 Cr.

The India VIX index is at 14.43 vs 14.28, ATM CE IV 17.01 & PE IV 11.85

Index options PCR is at 0.74 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 24500 has the highest OI followed by 25000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 52000 has the highest OI concentration followed 52500 which may act as support for the current expiry.

BankNifty Call strike 52500 followed by 53000 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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