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HIGHLIGHTS:

Nifty Futures closed at 23731 yesterday on a positive note, with a price gain of 0.80% and a 5.44% increase in the open interest, indicating a Long Build Up. It closed at a premium of 10 points compared to its previous day’s premium of 5 points. Bank Nifty closed at 52627 yesterday on a positive note with price gain of 1.69% & 18.66% increase in open interest indicating Long Build Up. It closed at a premium of 21 points compared to its previous day’s premium of 47 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2698.63 Cr,

Bought Index Option worth 55792.75 Cr,

Bought Stock Futures to the tune of 1118.14 Cr,

Bought Stock Options to the tune of 828.47 Cr,

Net Bought in the derivative segment to the tune of 60437.99 Cr.

In Cash Segment FII Bought 1175.91 Cr & DII sold 149.45 Cr.

The India VIX index is at 14.31 vs 14.06, ATM CE IV 17.41 & PE IV 12.73

Index options PCR is at 1.34 vs 1.03 to its previous day closing.

Nifty Put options OI distribution shows that 23500 has the highest OI concentration followed by 23600 and 23400 which may act as support for current expiry.

Nifty Call options OI shows that 24000 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 52000 has the highest OI concentration followed 52500 which may act as support for the current expiry.

BankNifty Call strike 53000 followed by 52500 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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