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HIGHLIGHTS:

Nifty Futures closed at 24455 yesterday on a negative note, with a price cut of 0.15% and 24.66% decrease in the open interest, indicating a Long Unwinding.

It closed at a premium of 49 points compared to its previous day’s discount of 25 points.

Bank Nifty closed at 50934 yesterday on a negative note with price cut of 0.91% & 23.96% increase in open interest indicating Short Build Up.

It closed at a premium of 45 points compared to its previous day’s premium of 84 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 3087.52 Cr,

Sold Index Option worth 19660.20 Cr,

Sold Stock Futures to the tune of 1500.15 Cr,

Sold Stock Options to the tune of 3206.41 Cr,

Net Sold in the derivative segment to the tune of 27454.30 Cr.

In Cash Segment

FII Sold 2,605.49 Cr & DII Bought 2,431.69 Cr.

The India VIX index is at 12.62 vs 11.76, ATM CE IV 16.72 & PE IV 11.98

Index options PCR is at 0.95 v/s 0.76 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24500 and 24400 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 51000 has the highest OI concentration followed 50500 which may act as support for the current expiry.

BankNifty Call strike 51000 followed by 51500 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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