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HIGHLIGHTS:

Nifty futures closed at 21889 yesterday on a positive note with 0.51% decrease in the open interest indicating Short Covering.

It closed at a premium of 147 points compared to its previous day’s premium of 155 points.

Bank Nifty closed at 48536 yesterday on a negative note with a 1.04% decrease in open interest indicating Long Unwinding.

It closed at a premium of 301 points compared to its previous day’s premium of 336 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 285 Cr,

Bought Index Option worth 21175 Cr,

Sold Stock Futures to the tune of 1315 Cr,

Net Bought in the derivative segment to the tune of 18458 Cr.

In Cash Segment FII Sold 856 Cr & DII Bought 410 Cr.

The India VIX index is at 14.68 vs 14.50, ATM CE IV 14.00 & PE IV 15.00

Index options PCR is at 1.14 vs 1.12 to its previous day closing.

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

Nifty Call options OI shows that 22000 has the highest OI followed by 21800 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 48400 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly