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HIGHLIGHTS:

Nifty futures closed at 21590 yesterday on a negative note with 8.55% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 18 points compared to its previous day’s discount of 3 points

Bank Nifty closed at 46159 yesterday on a negative note with a 19.75% increase in open interest indicating Short Build Up

It closed at a premium of 95 points compared to its previous day’s premium of 100 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 5048 Cr,

Sold Index Option worth 56898 Cr,

Sold Stock Futures to the tune of 6012 Cr,

Net Sold in the derivative segment to the tune of 67206 Cr.

In Cash Segment

FII Sold 10578 Cr & DII Bought 4006 Cr.

The India VIX index is at 15.08 vs 13.57, ATM CE IV 16.78 & PE IV 16.50

Index options PCR is at 0.70 vs 1.22 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest

OI concentration followed by 21300 and 21400 which may act as support for current expiry.

Nifty Call options OI shows that 21800 has the highest OI followed by 22000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46000 has the highest OI concentration followed 46500 which may act as support for the current expiry.

BankNifty Call strike 46500 followed by 46000 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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