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HIGHLIGHTS:

Nifty futures closed at 22452 yesterday on a positive note with price gain of 0.74% & 2.68% decrease in the open interest indicating Short Covering. It closed at a premium of 49 points compared to its previous day’s premium of 87 points. Bank Nifty closed at 48092 yesterday on a positive note with price gain of 0.38% & 2.04% increase in open interest indicating Short Covering. It closed at a premium of 221 points compared to its previous day’s premium of 232 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 741 Cr,

Bought Index Option worth 12697 Cr,

Sold Stock Futures to the tune of 2674 Cr,

Sold Stock Options to the tune of 356 Cr,

Net Boughtin the derivative segment to the tune of 8926 Cr.

In Cash Segment

FII Sold 776 Cr & DII Bought 2128 Cr.

The India VIX index is at 20.0 vs 20.27, ATM CE IV 14.26 & PE IV 12.75

Index options PCR is at 1.19 vs 0.92 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 22200 and 21800 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22900 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 48500 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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