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HIGHLIGHTS:

Nifty futures closed at 22744 yesterday on a negative note with price Cut of 0.84% & 1.56% decrease in the open interest indicating Long Unwiding. It closed at a premium of 39 points compared to its previous day’s premium of 49 points.

Bank Nifty closed at 49011 yesterday on a negative note with price cut of 1.05% & 18.95% decrease in open interest indicating Long Unwinding. It closed at a premium of 509 points compared to its previous day’s premium of 41 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 1717 Cr,

Bought Index Option worth 7308 Cr,

Sold Stock Futures to the tune of 124 Cr,

Bought Stock Options to the tune of 76 Cr,

Net Bought in the derivative segment to the tune of 5542 Cr.

In Cash Segment FII Sold 5841.84 Cr & DII Bought 5233.79 Cr.

The India VIX index is at 24.18 vs 24.20, ATM CE IV 14.17 & PE IV 27.67

Index options PCR is at 0.79 vs 0.94 to its previous day closing.

Nifty Put options OI distribution shows that 22500 has the highest OI concentration followed by 22300 and 22700 which may act as support for current expiry. Nifty Call options OI shows that 23000 has the highest OI followed by 22900 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 49000 has the highest OI concentration followed 48500 which may act as support for the current expiry. BankNifty Call strike 49000 followed by 48500 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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