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HIGHLIGHTS:

Nifty Futures closed at 24595 yesterday on a positive note, with a price gain of 0.47% and 0.34% decrease in the open interest, indicating a Short Covering. It closed at a premium of 12 points compared to its previous day’s premium of 23 points. Bank Nifty closed at 50892 yesterday on a positive note with price gain of 0.81% & 7.32% decrease in open interest indicating Short Covering. It closed at a premium of 89 points compared to its previous day’s increase of 117 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1974 Cr,

Sold Index Option worth 12476 Cr,

Bought Stock Futures to the tune of 2323 Cr,

Bought Stock Options to the tune of 1627 Cr,

Net sold in the derivative segment to the tune of 6552 Cr.

In Cash Segment FII Sold 1457.96 Cr & DII Bought 2252.10 Cr.

The India VIX index is at 13.82 vs 14.31, ATM CE IV 11.13 & PE IV 14.53

Index options PCR is at 1.14 v/s 1.00 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24300 and 24200 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 25000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 50500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 51500 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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