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HIGHLIGHTS:

Nifty Futures closed at 24906 yesterday on a negative note, with a price cut of 1.31% and 2.86% decrease in the open interest, indicating a Long Unwinding. It closed at a premium of 54 points compared to its previous day’s premium of 92 points. Bank Nifty closed at 50782 yesterday on a positive note with price cut of 1.83% & 9.69% increase in open interest indicating Short Build Up. It closed at a premium of 205 points compared to its previous day’s premium of 255 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 3107 Cr,

Bought Index Option worth 1264 Cr,

Sold Stock Futures to the tune of 7267 Cr,

Bought Stock Options to the tune of 121 Cr,

Net Sold in the derivative segment to the tune of 8988.23 Cr.

In Cash Segment FII Sold 620.95 Cr & DII Bought 2121.53 Cr.

The India VIX index is at 15.22 vs 14.21, Nifty ATM IV is trading at 14.25, while BankNifty IV is quoting at 16

Index options PCR is at 0.61 v/s 0.97 to its previous day closing.

Nifty Put options OI distribution shows that 24500 has the highest OI concentration followed by 25000 and 24800 which may act as support for current expiry.

Nifty Call options OI shows that 25200 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 51500 followed by 51000 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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