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HIGHLIGHTS:

Nifty futures closed at 23247 yesterday on a negative note with price cut of 0.33% & 5.25% Decrease in the open interest indicating Long Unwinding. It closed at a discount of 12 points compared to its previous day’s premium of 35 points.

Bank Nifty closed at 49732 yesterday on a negative note with price cut of 0.35% & 5.30% decrease in open interest indicating Long Unwinding. It closed at a discount of 49 points compared to its previous day’s premium of 106 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 3063 Cr,

Bought Index Option worth 45 Cr,

Sold Stock Futures to the tune of 5399 Cr,

Sold Stock Options to the tune of 221 Cr,

Net Sold in the derivative segment to the tune of 2511 Cr.

In Cash Segment FII Bought 2572 Cr & DII Bought 2764 Cr.

The India VIX index is at 16.40 vs 16.88, ATM CE IV 17.77 & PE IV 15.75

Index options PCR is at 0.82 vs 1.10 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 23000 and 23200 which may act as support for current expiry.

Nifty Call options OI shows that 24000 has the highest OI followed by 23500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 49500 has the highest OI concentration followed 50000 which may act as support for the current expiry.

BankNifty Call strike 50000 followed by 50500 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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