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The session that was -

Nifty Futures closed 0.6% higher at 25,918 yesterday, with a 1.9% increase in open interest, indicating Long Build Up. The front-month contract closed at a discount of 21 points, down from 23 points discount in the previous session. Bank Nifty closed the session 0.97% higher at 54,072 yesterday along with a 4.1% increase in open interest, indicating that long positions were build. The index settled at a discount of 34 points compared to 242 points discount seen in the prior session.

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 188 Cr

-Sold Index Options worth 4,579 Cr

-Bought Stock Futures to the tune of 806 Cr

-Bought Stock Options to the tune of 23 Cr

-Were net sellers in the derivatives segment to the tune of 3,561 Cr.

In the Cash Segment FIIs bought stocks worth 404 Cr & DII bought 1,022 Cr.

Volatility and PCR insights -

The India VIX index ended at 13.8 vs 12.8 with the Nifty ATM IV settling at 13.7, while Bank Nifty ATM IV finished at 15.4 Index options PCR ended at 1.39 v/s 1.49 from the previous session.

Options Open Interest Concentration for current expiration cycle –

Nifty Puts show the highest OI concentration at 25,500 followed by 25,700 and 25,800 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 53,500 followed by 54,000 which will be key levels to monitor on the downside. Bank Nifty Calls show heightened concentration at the 55,000 and 54,400 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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