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HIGHLIGHTS:

Nifty futures closed at 21084 yesterday on a positive note with 0.25% decrease in the open interest indicating Short Covering. It closed at a premium of 87 points compared to its previous day’s premium of 106 points. Bank Nifty closed at 47492 yesterday on a negative note with a 1.77% decrease in open interest indicating Long Unwinding. It closed at a premium of 178 points compared to its previous day’s premium of 238 points

In Yesterday’s Trading Session FII's Sold Index Futures to the tune of 233 Cr, Sold Index Option worth 19523 Cr, Bought Stock Futures to the tune of 273 Cr, Net Sellers in the derivative segment to the tune of 19694 Cr. In Cash Segment FII Bought 1261 Cr & DII Sold 1033 Cr.

The India VIX index is at 12.76 vs 12.47, ATM CE IV 10.83 & PE IV 8.43

Index options PCR is at 1.14 vs 1.20 to its previous day closing.

Nifty Put options OI distribution shows that 20900 has the highest OI concentration followed by 20800 and 21000 which may act as support for current expiry.

Nifty Call options OI shows that 21000 has the highest OI followed by 21500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47000 has the highest OI concentration followed 46900 which may act as support for the current expiry.

BankNifty Call strike 47500 followed by 47200 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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