06-02-2024 11:03 AM | Source: Axis Securities Ltd
Sold Index Option worth 21990 Cr - Axis Securities Ltd

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HIGHLIGHTS:

Nifty futures closed at 21803 yesterday on a negative note with 0.12% decrease in the open interest indicating Long Unwinding. It closed at a premium of 32 points compared to its previous day’s premium of 98 points. Bank Nifty closed at 46040 yesterday on a negative note with a 2.15% decrease in open interest indicating Long Unwinding. It closed at a premium of 215 points compared to its previous day’s premium of 266 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1308 Cr,

Sold Index Option worth 21990 Cr,

Sold Stock Futures to the tune of 524 Cr,

Net Sold in the derivative segment to the tune of 21064 Cr.

In Cash Segment FII Bought 518.88 Cr & DII Sold 1188.68 Cr.

The India VIX index is at 15.62 vs 14.70, ATM CE IV 14.62 & PE IV 22.21

Index options PCR is at 0.89 vs 1.02 to its previous day closing

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21700 and 21600 which may act as support for current expiry

Nifty Call options OI shows that 22000 has the highest OI followed by 22100 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 45500 has the highest OI concentration followed 45800 which may act as support for the current expiry.

BankNifty Call strike 46000 followed by 46200 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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