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HIGHLIGHTS:

Nifty futures closed at 22201 yesterday on a negative note with price Cut of 0.70% & 2.00% decrease in the open interest indicating Long Unwinding. It closed at a premium of 53 points compared to its previous day’s premium of 85 points. Bank Nifty closed at 47661 yesterday on a negative note with price Cut of 0.40% & 1.05% increase in open interest indicating Short Build Up. It closed at a premium of 176 points compared to its previous day’s premium of 78 points.

Sold Index Futures to the tune of 3153 Cr,

Bought Index Option worth 18448 Cr,

Sold Stock Futures to the tune of 4360 Cr,

Bought Stock Options to the tune of 700 Cr,

Net Bought in the derivative segment to the tune of 11634 Cr.

In Cash Segment FII Sold 4468 Cr & DII Bought 2040 Cr.

The India VIX index is at 12.61 vs 12.47, ATM CE IV 14.34 & PE IV 11.57

Index options PCR is at 0.76 vs 0.80 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 21900 and 22200 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22400 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47500 has the highest OI concentration followed 48000 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 47500 witnessed significant OI concentration and may act as resistance for the current expiry

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