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HIGHLIGHTS:

Nifty futures closed at 21478 yesterday on a positive note with 33.00% decrease in the open interest indicating Short Covering.

It closed at a premium of 24 points compared to its previous day’s premium of 50 points.

Bank Nifty closed at 45153 yesterday on a positive note with a 17.41% decrease in open interest indicating Short Covering.

It closed at a premium of 70 points compared to its previous day’s premium of 96 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 884 Cr,

Sold Index Option worth 9795 Cr,

Bought Stock Futures to the tune of 6282 Cr,

Net Sold in the derivative segment to the tune of 2291 Cr.

In Cash Segment FII Sold 6935 Cr & DII Bought 6013 Cr.

The India VIX index is at 14.38 vs 14.85,

ATM CE IV 16.52 & PE IV 15.87

Index options PCR is at 0.92 vs 0.74 to its previous day closing.

Nifty Put options OI distribution shows that 21000 has the highest OI concentration followed by 21300 and 21200 which may act as support for current expiry.

Nifty Call options OI shows that 21700 has the highest OI followed by 21600 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 45000 has the highest OI concentration followed 44700 which may act as support for the current expiry.

BankNifty Call strike 45500 followed by 45000 witnessed significant OI concentration and may act as resistance for the current expiry.

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