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The session that was -

Nifty Futures closed 0.7% higher at 26,308 yesterday, with a 9.6% decrease in open interest, indicating Short Covering. The front-month contract closed at a discount of 93 points, down from 99 points premium in the previous session.

Bank Nifty closed the session 0.4% higher at 54,549 yesterday along with a 5.4% increase in open interest, indicating that long positions were build. The index settled at a premium of 174 points compared to 60 points discount seen in the prior session.

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 474 Cr

-Bought Index Options worth 1,11,199 Cr

-Bought Stock Futures to the tune of 13,658 Cr

-Sold Stock Options to the tune of 1,888 Cr

-Were net buyers in the derivatives segment to thetune of 1,23,443 Cr.

In the Cash Segment

FIIs bought stocks worth 630 Cr & DII bought 2,405 Cr.

Volatility and PCR insights -

The India VIX index ended at 12 vs 12.7 with the Nifty ATM IV settling at 13, while Bank Nifty ATM IV finished at 13.1

Index options PCR ended at 1.43 v/s 1.26 from the previous session.

Options Open Interest Concentration for current expiration cycle –

Nifty Puts show the highest OI concentration at 26,000 followed by 26,100 and 25,800 which may serve as supports.

Nifty Calls have the maximum concentration at 27,000 followed by 26,200 which may act as resistances.

Bank Nifty Puts show the maximum concentration at 54,000 followed by 53,500 which will be key levels to monitor on the downside.

Bank Nifty Calls show heightened concentration at the 54,500 and 55,000 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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