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HIGHLIGHTS:

Nifty futures closed at 21794 yesterday on a positive note with 2.19% Increase in the open interest indicating Long Build Up.

It closed at a premium of 83 points compared to its previous day’s premium of 127 points.

Bank Nifty closed at 48388 yesterday on a negative note with a 6.86% decrease in open interest indicating Long Unwinding.

It closed at a premium of 229 points compared to its previous day’s premium of 306 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 485 Cr,

Bought Index Option worth 26024 Cr,

Sold Stock Futures to the tune of 575 Cr,

Net Bought in the derivative segment to the tune of 25314 Cr.

In Cash Segment FII Bought 1697 Cr & DII Sold 3498 Cr.

The India VIX index is at 12.63 vs 13.33, ATM CE IV 11.00 & PE IV 12.00

Index options PCR is at 1.08 vs 1.22 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21700 and 21600 which may act as support for current expiry.

Nifty Call options OI shows that 21800 has the highest OI followed by 21700 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47800 which may act as support for the current expiry.

BankNifty Call strike 48500 followed by 48000 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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