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HIGHLIGHTS:

Nifty futures closed at 22658 yesterday on a positive note with price gain of 0.23% & 1.09% increase in the open interest indicating Long Build Up. It closed at a premium of 60 points compared to its previous day’s premium of 77 points. Bank Nifty closed at 47974 yesterday on a negative note with price cut of 0.37% & 1.00% decrease in open interest indicating Long Unwinding. It closed at a premium of 192 points compared to its previous day’s premium of 105 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 746 Cr,

Bought Index Option worth 6050 Cr,

Sold Stock Futures to the tune of 4099 Cr,

Bought Stock Options to the tune of 427 Cr,

Net Bought in the derivative segment to the tune of 1631 Cr.

In Cash Segment

FII Sold 686 Cr & DII Bought 962 Cr.

The India VIX index is at 21.47 vs 21.81, ATM CE IV 14.14 & PE IV 13.32

Index options PCR is at 1.20 vs 1.15 to its previous day closing.

Nifty Put options OI distribution shows that 22500 has the highest OI concentration followed by 22400 and 22300 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 22800 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 48500 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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