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The session that was -

Nifty Futures closed 1.1% higher at 25,768 yesterday, with a 14.4% increase in open interest, indicating Long Build Up. The front-month contract closed at a discount of 23 points, down from 73 points premium in the previous session. Bank Nifty closed the session 0.7% higher at 53,551 yesterday along with a 5.1% increase in open interest, indicating that long positions were build. The index settled at a discount of 242 points compared to 140 points premium seen in the prior session.

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 9,144 Cr

-Bought Index Options worth 32,753 Cr

-Bought Stock Futures to the tune of 16,402 Cr

-Bought Stock Options to the tune of 240 Cr

-Were net buyers in the derivatives segment to the tune of 58,539 Cr.

In the Cash Segment FIIs bought stocks worth 14,064 Cr & DII sold 4,427 Cr.

Volatility and PCR insights - The India VIX index ended at 12.8 vs 13.3 with the Nifty ATM IV settling at 13.2, while Bank Nifty ATM IV finished at 13.5

Index options PCR ended at 1.49 v/s 1.48 from the previous session.

Options Open Interest Concentration for current expiration cycle – Nifty Puts show the highest OI concentration at 25,500 followed by 25,400 and 25,300 which may serve as supports.

Nifty Calls have the maximum concentration at 26,000 followed by 26,500 which may act as resistances.

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

Bank Nifty Calls show heightened concentration at the 54,000 and 53,500 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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