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HIGHLIGHTS:

Nifty futures closed at 22593 yesterday on a negative note with price Cut of 0.29% & 7.72% increase in the open interest indicating Short Build Up. It closed at a premium of 119 points compared to its previous day’s premium of 77 points. Bank Nifty closed at 48118 yesterday on a positive note with price gain of 0.81% & 2.23% Decrease in open interest indicating Short Covering. It closed at a premium of 152 points compared to its previous day’s premium of 328 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1396 Cr,

Sold Index Option worth 2703 Cr,

Sold Stock Futures to the tune of 450 Cr,

Net Sold in the derivative segment to the tune of 2109 Cr.

In Cash Segment FII Bought 2767 Cr & DII Bought 2150 Cr.

The India VIX index is at 14.30 vs 14.38, ATM CE IV 16.48 & PE IV 10.01

Index options PCR is at 1.32 vs 1.23 to its previous day closing.

Nifty Put options OI distribution shows that 22300 has the highest OI concentration followed by 22200 and 22400 which may act as support for current expiry.

Nifty Call options OI shows that 23000 has the highest OI followed by 22800 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47700 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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