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The session that was -

Nifty Futures closed 0.03% higher at 25,449 yesterday, with a 0.87% decrease in open interest, indicating Short Covering. The front-month contract closed at a premium of 31 points, down from 59 points premium in the previous session.

Bank Nifty closed the session 0.07% higher at 52,296 yesterday along with a 1.40% decrease in open interest, indicating that short positions were covered. The index settled at a premium of 107 points compared to 108 points premium seen in the prior session

In the derivatives markets, FII's -

-Bought Index Futures to the tune of 426 Cr

-Sold Index Options worth 35,878 Cr

-Sold Stock Futures to the tune of 1,123 Cr

-Sold Stock Options to the tune of 2,639 Cr

-Were net sellers in the derivatives segment to the tune of 39,215 Cr.

In the Cash Segment

FIIs Bought stocks worth 483 Cr & DII bought 874 Cr.

Volatility and PCR insights -

The India VIX index ended at 12.6 vs 12.4 with the Nifty ATM IV settling at 13.5, while Bank Nifty ATM IV finished at 14.7

Index options PCR ended at 1.04 v/s 1 from the previous session.

Options Open Interest Concentration for current expiration cycle –

Nifty Puts show the highest OI concentration at 25,000 followed by 25,200 and 25,400 which may serve as supports.

Nifty Calls have the maximum concentration at 26,000 followed by 25,500 which may act as resistances.

Bank Nifty Puts show the maximum concentration at 52,000 followed by 51,500 which will be key levels to monitor on the downside.

Bank Nifty Calls show heightened concentration at the 53,000 and 52,500 strikes, which will serve as upside hurdles.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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