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HIGHLIGHTS:

Nifty futures closed at 21757 yesterday on a negative note with 5.55% decrease in the open interest indicating Long Unwinding..

It closed at a premium of 91 points compared to its previous day’s premium of 147 points.

Bank Nifty closed at 47947 yesterday on a negative note with a 9.69% increase in open interest indicating Short Build Up..

It closed at a premium of 185 points compared to its previous day’s premium of 301 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 395 Cr,

Sold Index Option worth 35485 Cr,

Bought Stock Futures to the tune of 288 Cr,

Net Sold in the derivative segment to the tune of 36006 Cr.

In Cash Segment FII Bought 1602 Cr & DII Sold 1959 Cr.

The India VIX index is at 14.58 vs 14.68, ATM CE IV 14.00 & PE IV 15.00

Index options PCR is at 0.92 vs 1.14 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21600 and 21400 which may act as support for current expiry.

Nifty Call options OI shows that 21800 has the highest OI followed by 21700 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47600 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 48300 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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