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HIGHLIGHTS:

Nifty futures closed at 22575 yesterday on a negative note with price Cut of 0.87% & 4.17% increase in the open interest indicating Long Unwinding, It closed at a premium of 99 points compared to its previous day’s premium of 126 points. Bank Nifty closed at 49045 yesterday on a negative note with price cut of 0.59% & 8.06% decrease in open interest indicating Long Unwinding. It closed at a premium of 171 points compared to its previous day’s premium of 157 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 4419 Cr,

Sold Index Option worth 4310 Cr,

Sold Stock Futures to the tune of 8190 Cr,

Bought Stock Options to the tune of 1140 Cr,

Net Sellers in the derivative segment to the tune of 15778 Cr.

In Cash Segment

FII Sold 2392 Cr & DII Bought 690 Cr

The India VIX index is at 14.62 vs 13.44, ATM CE IV 11.35 & PE IV 12.29

Index options PCR is at 0.89 vs 1.14 to its previous day closing.

Nifty Put options OI distribution shows that 22500 has the highest OI concentration followed by 22200 and 22400 which may act as support for current expiry.

Nifty Call options OI shows that 22800 has the highest OI followed by 22700 which may act as resistance for current expiry

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

BankNifty Call strike 49000 followed by 49500 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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