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HIGHLIGHTS:

Nifty futures closed at 22243 yesterday on a positive note with 0.59% Decrease in the open interest indicating Short Covering. It closed at a premium of 26 points compared to its previous day’s premium of 15 points. Bank Nifty closed at 46980 yesterday on a negative note with a 12.33% Decrease in open interest indicating Long Unwinding. It closed at a premium of 61 points compared to its previous day’s premium of 05 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1362 Cr,

Sold Index Option worth 2414 Cr,

Sold Stock Futures to the tune of 1368 Cr,

Net Sold in the derivative segment to the tune of 1480 Cr.

In Cash Segment FII

Sold 1410.06 Cr & DII Bought 1823.68 Cr.

The India VIX index is at 15.20 vs 15.93, ATM CE IV 14.13 & PE IV 13.23

Index options PCR is at 1.01 vs 0.85 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 21900 and 21700 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46500 has the highest OI concentration followed 47000 which may act as support for the current expiry

BankNifty Call strike 47000 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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