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HIGHLIGHTS:

Nifty Futures closed at 24463 yesterday on a negative note, with a price cut of 0.19% and 3.66% decrease in the open interest, indicating a Long Unwinding. It closed at a discount of 16 points compared to its previous day’s discount of 1 points. Bank Nifty closed at 51818 yesterday on a negative note with price cut of 0.90% & 0.12% decrease in open interest indicating Long Unwinding. It closed at a premium of 40 points compared to its previous day’s premium of 6 points.

In Yesterday’s Trading Session FII's Sold

Index Futures to the tune of 3659.88 Cr, Bought Index Option worth 224.57 Cr,

Sold Stock Futures to the tune of 6174.20 Cr,

Bought Stock Options to the tune of 2143.73 Cr,

Net Sold in the derivative segment to the tune of 7465.78 Cr.

In Cash Segment FII Sold 2,975.31 Cr & DII Bought 1,418.82 Cr.

The India VIX index is at 12.75 vs 15.44, ATM CE IV 16.80 & PE IV 13.47

Index options PCR is at 0.75 v/s 0.89 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24500 and 24300 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 51500 has the highest OI concentration followed 52000 which may act as support for the current expiry.

BankNifty Call strike 52500 followed by 52000 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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