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HIGHLIGHTS:

Nifty futures closed at 22076 yesterday on a positive note with price cut of 1.42% & 19.07% increase in the open interest indicating Short Build Up. It closed at a premium of 118 points compared to its previous day’s premium of 91 points. Bank Nifty closed at 47669 yesterday on a negative note with price cut of 1.05% & 9.19% increase in open interest indicating Short Build Up. It closed at a premium of 181 points compared to its previous day’s premium of 155 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 3882 Cr,

Bought Index Option worth 17667 Cr,

Sold Stock Futures to the tune of 3085 Cr,

Sold Stock Options to the tune of 1842 Cr,

Net Buyers in the derivative segment to the tune of 8858 Cr.

In Cash Segment

FII Sold 6995 Cr & DII Bought 5643 Cr.

The India VIX index is at 18.20 vs 17.08, ATM CE IV 15.45 & PE IV 14.48

Index options PCR is at 0.71 vs 0.77 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 21500 and 21800 which may act as support for current expiry.

Nifty Call options OI shows that 22300 has the highest OI followed by 22200 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 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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