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HIGHLIGHTS:

Nifty futures closed at 21808 yesterday on a positive note with 0.07% Decrease in the open interest indicating Short Covering. It closed at a premium of 83 points compared to its previous day’s premium of 108 points. Bank Nifty closed at 46324 yesterday on a positive note with a 5.87% decrease in open interest indicating Short Covering. It closed at a premium of 327 points compared to its previous day’s premium of 303 points.

In Yesterday’s Trading Session FII's

Bpught Index Futures to the tune of 802 Cr,

Sold Index Option worth 62503 Cr,

Bought Stock Futures to the tune of 3736 Cr,

Net Sold in the derivative segment to the tune of 58704 Cr.

In Cash Segment FII Bought 1661 Cr & DII Bought 2543 Cr.

The India VIX index is at 16.05 vs 16.10, ATM CE IV 26.50 & PE IV 30.93

Index options PCR is at 0.90 vs 0.82 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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