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HIGHLIGHTS:

Nifty futures closed at 23003 yesterday on a positive note with price gain of 1.52% & 6.05% increase in the open interest indicating Long Build Up. It closed at a premium of 35 points compared to its previous day’s premium of 60 points. Bank Nifty closed at 48839 yesterday on a negative note with price gain of 1.80% & 0.53% decrease in open interest indicating Short Covering. It closed at a premium of 70 points compared to its previous day’s premium of 192 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 7216 Cr,

Sold Index Option worth 55248 Cr,

Bought Stock Futures to the tune of 9550 Cr,

Bought Stock Options to the tune of 943 Cr,

Net Sold in the derivative segment to the tune of 37539 Cr.

In Cash Segment

FII Bought 4671 Cr & DII Bought 146 Cr.

The India VIX index is at 21.38 vs 21.47, ATM CE IV 14.27 & PE IV 13.88

Index options PCR is at 1.37 vs 1.20 to its previous day closing.

Nifty Put options OI distribution shows that 22500 has the highest OI concentration followed by 22700 and 22800 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 23100 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 48500 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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