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HIGHLIGHTS:

Nifty futures closed at 21751 yesterday on a negative note with 0.85% increase in the open interest indicating Short Build Up.

It closed at a premium of 54 points compared to its previous day’s premium of 83 points.

Bank Nifty closed at 46437 yesterday on a positive note with a 1.78% decrease in open interest indicating Short Covering.

It closed at a premium of 249 points compared to its previous day’s premium of 327 points

In Yesterday’s Trading Session FII's

Bpught Index Futures to the tune of 832 Cr,

Sold Index Option worth 44900 Cr,

Sold Stock Futures to the tune of 2076 Cr,

Net Sold in the derivative segment to the tune of 46399 Cr.

In Cash Segment FII Sold 1880 Cr & DII Bought 872 Cr.

The India VIX index is at 14.45 vs 16.05, ATM CE IV 12.08 & PE IV 15.94

Index options PCR is at 0.81 vs 0.90 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21400 and 21300 which may act as support for current expiry.

Nifty Call options OI shows that 22000 has the highest OI followed by 21900 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46000 has the highest OI concentration followed 45500 which may act as support for the current expiry.

BankNifty Call strike 46000 followed by 46500 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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