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HIGHLIGHTS:

Nifty futures closed at 21921 yesterday on a negative note with price cut of 1.11% & 24.60% Decrease in the open interest indicating Long Unwinding. It closed at a discount of 30 points compared to its previous day’s premium of 05 points. Bank Nifty closed at 45852 yesterday on a negative note with price cut of -1.58% & 26.86% Decrease in open interest indicating Long Unwinding. It closed at a discount of -111 points compared to its previous day’s discount of -1 points

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 243 Cr,

Sold Index Option worth 31107 Cr,

Sold Stock Futures to the tune of 635 Cr,

Net Sold in the derivative segment to the tune of 31597 Cr.

In Cash Segment FII Sold 1879 Cr & DII Bought 1827 Cr

The India VIX index is at 16.33 vs 15.73, ATM CE IV 13.54 & PE IV 27.31

Index options PCR is at 0.66 vs 1.00 to its previous day closing.

Nifty Put options OI distribution shows that 21800 has the highest OI concentration followed by 22000 and 21600 which may act as support for current expiry

Nifty Call options OI shows that 22200 has the highest OI followed by 22500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46000 has the highest OI concentration followed 45700 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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