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HIGHLIGHTS:

Nifty Futures closed at 24529 yesterday on a negative note, with a price cut of 1.13% and 2.77% decrease in the open interest, indicating a Long Unwinding. It closed at a discount of 2 points compared to its previous day’s premium of 8 points. Bank Nifty closed at 52270 yesterday on a negative note with price cut of 0.76% & 3.40% decrease in open interest indicating Long Unwinding. It closed at a premium of 5 points compared to its previous day’s premium of 50 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 2029.13 Cr,

Bought Index Option worth 15824.82 Cr,

Bought Stock Futures to the tune of 1108.69 Cr,

Sold Stock Options to the tune of 571.54 Cr,

Net Bought in the derivative segment to the tune of 14332.84 Cr.

In Cash Segment FII Bought 1,506.12 Cr & DII Sold -461.56 Cr.

The India VIX index is at 14.82 vs 14.51, ATM CE IV 16.88 & PE IV 19.33

Index options PCR is at 0.99 v/s 1.32 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24500 and 24300 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24800 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 53000 followed by 52500 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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