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HIGHLIGHTS:

Nifty futures closed at 22627 yesterday on a negative note with price Cut of 1.03% & 14.21% decrease in the open interest indicating Long Unwinding. It closed at a premium of 139 points compared to its previous day’s premium of 39 points. Bank Nifty closed at 49037 yesterday on a negative note with price gain of 0.05% & 11.71% increase in open interest indicating Long Build Up. It closed at a premium of 355 points compared to its previous day’s premium of 509 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 7925 Cr,

Sold Index Option worth 9853 Cr,

Sold Stock Futures to the tune of 8442 Cr,

Sold Stock Options to the tune of 2475 Cr, Net Sold in the derivative segment to the tune of 28696 Cr

In Cash Segment

FII Sold 3050.15 Cr & DII Bought 3432.92.79 Cr.

The India VIX index is at 24.17 vs 24.18, ATM CE IV 14.19 & PE IV 27.25

Index options PCR is at 1.12 vs 0.79 to its previous day closing.

Nifty Put options OI distribution shows that 22500 has the highest OI concentration followed by 22300 and 23000 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 22900 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48500 has the highest OI concentration followed 49000 which may act as support for the current expiry.

BankNifty Call strike 49000 followed by 48800 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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