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HIGHLIGHTS:

Nifty futures closed at 21709 yesterday on a positive note with 1.92% decrease in the open interest indicating Short Covering.

It closed at a premium of 72 points compared to its previous day’s premium of 72 points.

Bank Nifty closed at 47607 yesterday on a positive note with a 3.40% decrease in open interest indicating Short Covering.

It closed at a premium of 149 points compared to its previous day’s premium of 149 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 641 Cr,

Sold Index Option worth 68356 Cr,

Sold Stock Futures to the tune of 1099 Cr,

Net Sold in the derivative segment to the tune of 70634 Cr.

In Cash Segment

FII Sold 1721 Cr & DII Bought 2080 Cr

Index options PCR is at 1.06 vs 0.88 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21400 and 21200 which may act as support for current expiry.

Nifty Call options OI shows that 21800 has the highest OI followed by 21700 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47000 has the highest OI concentration followed 47200 which may act as support for the current expiry.

BankNifty Call strike 47800 followed by 47500 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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