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HIGHLIGHTS:

Nifty futures closed at 22981 yesterday on a negative note with price Cut of 0.17% & 2.39% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 49 points compared to its previous day’s premium of 62 points.

Bank Nifty closed at 49297 yesterday on a positive note with price gain of 0.51% & 9.07% decrease in open interest indicating Short Covering.

It closed at a premium of 16 points compared to its previous day’s premium of 73 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2599 Cr,

Sold Index Option worth 12719 Cr,

Bought Stock Futures to the tune of 10211 Cr,

Bought Stock Options to the tune of 1117 Cr,

Net Bought in the derivative segment to the tune of 1208 Cr.

In Cash Segment FII Sold 541 Cr & DII Bought 922 Cr.

The India VIX index is at 23.19 vs 21.71, ATM CE IV 14.20 & PE IV 23.83

Index options PCR is at 1.02 vs 1.14 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 22500 and 22700 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 23100 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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