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HIGHLIGHTS:

Nifty futures closed at 21843 yesterday on a positive note with 4.94% Decrease in the open interest indicating Short Covering. It closed at a premium of 60 points compared to its previous day’s premium of 97 points. Bank Nifty closed at 45900 yesterday on a positive note with a 5.87% decrease in open interest indicating Short Covering. It closed at a premium of 265 points compared to its previous day’s premium of 201 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 657 Cr,

Sold Index Option worth 6381 Cr,

Sold Stock Futures to the tune of 2173 Cr,

Net Sold in the derivative segment to the tune of 7044 Cr.

In Cash Segment FII Bought 141.95 Cr & DII Sold 421.87 Cr

The India VIX index is at 15.45 vs 15.83, ATM CE IV 12.24 & PE IV 14.20

Index options PCR is at 1.00 vs 0.81 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21700 and 21800 which may act as support for current expiry

Nifty Call options OI shows that 22000 has the highest OI followed by 22200 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 45500 has the highest OI concentration followed 45200 which may act as support for the current expiry

BankNifty Call strike 46000 followed by 46200 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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