16-08-2024 10:06 AM | Source: Axis Securities Ltd
Sold Index Futures to the tune of 769 Cr - Axis Securities Ltd

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HIGHLIGHTS:

Nifty Futures closed at 24175 yesterday on a positive note, with a price gain of 0.06% and 3.23% decrease in the open interest, indicating a Short Covering.

It closed at a premium of 31 points compared to its previous day’s premium of 22 points.

Bank Nifty closed at 49955 yesterday on a negative note with price cut of 0.19% & 4.62% decrease in open interest indicating Short Build Up.

It closed at a premium of 228 points compared to its previous day’s increase of 220 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 769 Cr,

Sold Index Option worth 24226 Cr,

Sold Stock Futures to the tune of 1683 Cr,

Sold Stock Options to the tune of 1399 Cr,

Net Sold in the derivative segment to the tune of 28076.60 Cr.

In Cash Segment

FII Sold 2595.27 Cr & DII Bought 2236.21 Cr.

The India VIX index is at 15.44 vs 16.17, ATM CE IV 12.94 & PE IV 15.53

Index options PCR is at 0.82 v/s 0.53 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24100 and 23900 which may act as support for current expiry.

Nifty Call options OI shows that 24500 has the highest OI followed by 24200 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 49000 has the highest OI concentration followed 49500 which may act as support for the current expiry.

BankNifty Call strike 50500 followed by 50000 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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