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HIGHLIGHTS:

Nifty Futures closed at 24366 yesterday on a positive note, with a price gain of 1.29% and 4.88% decrease in the open interest, indicating a Short Covering. It closed at a premium of 69 points compared to its previous day’s premium of 64 points. Bank Nifty closed at 50340 yesterday on a positive note with price gain of 0.84% & 0.32% increase in open interest indicating Long Build Up. It closed at a premium of 222 points compared to its previous day’s increase of 171 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 1032.45 Cr,

Bought Index Option worth 14039.78 Cr,

Bought Stock Futures to the tune of 3054.30 Cr,

Sold Stock Options to the tune of 1210.82 Cr,

Net Bought in the derivative segment to the tune of 14850.81 Cr.

In Cash Segment FII Sold 3,314.76 Cr & DII Bought 3,801.21 Cr.

The India VIX index is at 16.71 vs 18.74, ATM CE IV 14.12 & PE IV 17.72

Index options PCR is at 0.70 v/s 0.49 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24100 and 24200 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 50000 has the highest OI concentration followed 49500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 50000 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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