IGI Logo

HIGHLIGHTS:

Nifty Futures closed at 24357 yesterday on a negative note, with a price cut of 0.18% and 0.46% increase in the open interest, indicating a Short Build Up. It closed at a premium of 10 points compared to its previous day’s premium of 34 points. Bank Nifty closed at 50721 yesterday on a positive note with price gain of 0.29% & 2.00% decrease in open interest indicating Short Covering. It closed at a premium of 143 points compared to its previous day’s increase of 90 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 423 Cr,

Sold Index Option worth 5125 Cr,

Bought Stock Futures to the tune of 506 Cr,

Sold Stock Options to the tune of 792 Cr,

Net Sold in the derivative segment to the tune of 5833.49 Cr.

In Cash Segment FII Sold 4680.51 Cr & DII Bought 4477.73 Cr.

The India VIX index is at 15.87 vs 15.34, ATM CE IV 12.99 & PE IV 16.55

Index options PCR is at 0.79 v/s 0.81 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24200 and 23800 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24500 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 50500 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633