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HIGHLIGHTS:

Nifty futures closed at 21917 yesterday on a positive note with 1.48% Decrease in the open interest indicating Short Covering.

It closed at a premium of 77 points compared to its previous day’s premium of 81 points.

Bank Nifty closed at 46090 yesterday on a positive note with a 5.83% Decrease in open interest indicating Short Covering..

It closed at a premium of 182 points compared to its previous day’s premium of 230 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 87.26 Cr,

Bought Index Option worth 40819.27 Cr,

Sold Stock Futures to the tune of 712.74 Cr,

Net Bought in the derivative segment to the tune of 40799.83 Cr.

In Cash Segment FII

Sold 3929 Cr & DII Bought 2898 Cr.

The India VIX index is at 15.44 vs 15.81, ATM CE IV 21.80 & PE IV 12.99

Index options PCR is at 1.24 vs 0.99 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21600 and 21700 which may act as support for current expiry.

Nifty Call options OI shows that 22000 has the highest OI followed by 21900 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 45500 has the highest OI concentration followed 46000 which may act as support for the current expiry

BankNifty Call strike 46000 followed by 45500 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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