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HIGHLIGHTS:

Nifty futures closed at 21580 yesterday on a negative note with 0.38% Increase in the open interest indicating Long Unwinding.

It closed at a premium of 67 points compared to its previous day’s premium of 83 points.

Bank Nifty closed at 47622 yesterday on a negative note with a 17.32% increase in open interest indicating Short Build Up.

It closed at a premium of 172 points compared to its previous day’s premium of 229 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 1419 Cr,

Sold Index Option worth 40858 Cr,

Sold Stock Futures to the tune of 2754 Cr,

Net Sold in the derivative segment to the tune of 45813 Cr.

In Cash Segment FII Bought 16 Cr & DII Bought 156 Cr.

The India VIX index is at 13.46 vs 12.63, ATM CE IV 13.00 & PE IV 14.00

Index options PCR is at 0.84 vs 1.08 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21400 and 21300 which may act as support for current expiry.

Nifty Call options OI shows that 21700 has the highest OI followed by 21600 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 47500 followed by 47800 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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