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HIGHLIGHTS:

Nifty futures closed at 22937 yesterday on a negative note with price Cut of 0.19% & 0.73% INcrease in the open interest indicating Short Build Up. It closed at a premium of 49 points compared to its previous day’s premium of 49 points.

Bank Nifty closed at 49182 yesterday on a negative note with price cut of 0.23% & 4.51% increase in open interest indicating Short Build Up.

It closed at a premium of 41 points compared to its previous day’s premium of 16 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1962 Cr,

Sold Index Option worth 17973 Cr,

Bought Stock Futures to the tune of 4681 Cr,

Sold Stock Options to the tune of 383 Cr,

Net Sold in the derivative segment to the tune of 11713 Cr.

In Cash Segment FII Bought 65.5 Cr & DII Bought 3231.6 Cr.

The India VIX index is at 24.20 vs 23.19, ATM CE IV 14.17 & PE IV 26.03

Index options PCR is at 0.94 vs 1.02 to its previous day closing.

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

Nifty Call options OI shows that 23000 has the highest OI followed by 23100 which may act as resistance for current expiry. BankNifty Put options OI distribution shows that 49000 has the highest OI concentration followed 48700 which may act as support for the current expiry.

BankNifty Call strike 49500 followed by 49600 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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