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HIGHLIGHTS:

Nifty futures closed at 21617 yesterday on a positive note with 0.40% decrease in the open interest indicating Short Covering. It closed at a premium of 72 points compared to its previous day’s premium of 67 points. Bank Nifty closed at 47392 yesterday on a negative note with a 4.25% decrease in open interest indicating Long Unwinding. It closed at a premium of 149 points compared to its previous day’s premium of 172 points. In Yesterday’s Trading Session FII's Bought Index Futures to the tune of 1436 Cr, Bought Index Option worth 1901 Cr, Bought Stock Futures to the tune of 1012 Cr, Net Bought in the derivative segment to the tune of 3727 Cr. In Cash Segment FII Sold 991 Cr & DII Bought 104 Cr. The India VIX index is at 13.26 vs 13.46, ATM CE IV 13.30 & PE IV 12.67

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

Index options PCR is at 0.88 vs 0.84 to its previous day closing. Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21400 and 21200 which may act as support for current expiry. Nifty Call options OI shows that 21700 has the highest OI followed by 21600 which may act as resistance for current expiry. BankNifty Put options OI distribution shows that 47000 has the highest OI concentration followed 47200 which may act as support for the current expiry. BankNifty Call strike 47800 followed by 47500 witnessed significant OI concentration and may act as resistance for the current expiry.

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