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HIGHLIGHTS:

Nifty futures closed at 22140 yesterday on a positive note with price gain of 0.29% & 1.15% decrease in the open interest indicating Short Covering. It closed at a premium of 85 points compared to its previous day’s premium of 118 points. Bank Nifty closed at 47607 yesterday on a negative note with price cut of 0.13% & 0.28% increase in open interest indicating Short Build Up. It closed at a premium of 186 points compared to its previous day’s premium of 181 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 213 Cr,

Sold Index Option worth 5060 Cr,

Bought Stock Futures to the tune of 1942 Cr,

Sold Stock Options to the tune of 265 Cr,

Net Sellers in the derivative segment to the tune of 3596 Cr.

In Cash Segment

FII Sold 2117 Cr & DII Bought 2710 Cr.

The India VIX index is at 18.47 vs 18.20, ATM CE IV 11.60 & PE IV 14.22

Index options PCR is at 0.91 vs 0.71 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 21600 and 21700 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22300 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47500 has the highest OI concentration followed 47000 which may act as support for the current expiry.

BankNifty Call strike 47500 followed by 47800 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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