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HIGHLIGHTS:

Nifty Futures closed at 24379 yesterday on a positive note, with a price gain of 0.08% and a 2.80% DEcrease in the open interest, indicating a Short Covering. It closed at a premium of 55 points compared to its previous day’s premium of 57 points. Bank Nifty closed at 52724 yesterday on a negative note with price cut of 0.83% & 6.35 decrease in open interest indicating Long Unwinding. It closed at a premium of 64 points compared to its previous day’s premium of 62 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 496.24 Cr,

Bought Index Option worth 34622.69 Cr,

Sold Stock Futures to the tune of 330.22 Cr,

Sold Stock Options to the tune of 134.24 Cr,

Net Bought in the derivative segment to the tune of 33661.99 Cr.

In Cash Segment FII Bought 1241.33 Cr & DII Sold 1651.36 Cr.

The India VIX index is at 12.70 vs 12.86, ATM CE IV 17.11 & PE IV 10.49

Index options PCR is at 1.00 v/s 1.03 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 52500 has the highest OI concentration followed 53000 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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