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HIGHLIGHTS:

Nifty Futures closed at 24136 yesterday on a negative note, with a price cut of 0.94% and 1.27% decrease in the open interest, indicating a Long Unwinding. It closed at a premium of 20 points compared to its previous day’s premium of 69 points. Bank Nifty closed at 50206 yesterday on a negative note with price cut of 0.27% & 0.06% increase in open interest indicating Short Build Up. It closed at a premium of 49 points compared to its previous day’s increase of 222 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 2943.20 Cr,

Bought Index Option worth 61241.69 Cr,

Sold Stock Futures to the tune of 10224.10 Cr,

Sold Stock Options to the tune of 1825.34 Cr,

Net Bought in the derivative segment to the tune of 14850.81 Cr.

In Cash Segment FII Sold 2,626.73 Cr & DII Bought 577.30 Cr.

The India VIX index is at 16.60 vs 16.71, ATM CE IV 15.34 & PE IV 18.36

Index options PCR is at 0.66 v/s 0.70 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 23500 and 24200 which may act as support for current expiry.

Nifty Call options OI shows that 24500 has the highest OI followed by 24300 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 51000 followed by 50500 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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