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HIGHLIGHTS:

Nifty futures closed at 22603 yesterday on a positive note with price gain of 0.51% & 11.61% decrease in the open interest indicating Short Covering. It closed at a premium of 141 points compared to its previous day’s premium of 161 points. Bank Nifty closed at 47913 yesterday on a positive note with price Gain of 0.78% & 52.51% decrease in open interest indicating Short Covering. It closed at a premium of 355 points compared to its previous day’s premium of 421 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 275 Cr,

Sold Index Option worth 7064 Cr, Bought Stock Futures to the tune of 1020 Cr,

Bought Stock Options to the tune of 401 Cr,

Net Sold in the derivative segment to the tune of 5368 Cr.

In Cash Segment

FII Sold 522 Cr & DII Bought 1208 Cr.

The India VIX index is at 12.08 vs 12.83, ATM CE IV 13.66 & PE IV 12.17

Index options PCR is at 1.07 vs 1.18 to its previous day closing.

Nifty Put options OI distribution shows that 22300 has the highest OI concentration followed by 22200 and 22100 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 23000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47500 has the highest OI concentration followed 47400 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 47500 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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