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HIGHLIGHTS:

Nifty Futures closed at 24595 yesterday on a positive note, with a price gain of 0.04% and 1.97% decrease in the open interest, indicating a Short Covering.

It closed at a premium of 23 points compared to its previous day’s premium of 44 points.

Bank Nifty closed at 50485 yesterday on a negative note with price cut of 0.27% & 5.34% decrease in open interest indicating Short Build Up.

It closed at a premium of 117 points compared to its previous day’s increase of 108 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 304 Cr,

Bought Index Option worth 12039 Cr,

Sold Stock Futures to the tune of 214 Cr,

Sold Stock Options to the tune of 915 Cr,

Net Bought in the derivative segment to the tune of 10607 Cr.

In Cash Segment

FII Sold 2667.46 Cr & DII Bought 1802.92 Cr.

The India VIX index is at 14.31 vs 14.44, ATM CE IV 11.76 & PE IV 15.08

Index options PCR is at 1.00 v/s 1.05 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24500 and 23900 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 49500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 50500 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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