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HIGHLIGHTS:

Nifty Futures closed at 24102 yesterday on a negative note, with a price Cut of 2.46% and 2.10% decrease in the open interest, indicating a Long Unwinding. It closed at a discount of 47 points compared to its previous day’s premium of 6 points. Bank Nifty closed at 50215 yesterday on a negative note with price cut of 2.36% & 14.02% increase in open interest indicating Short Build Up. It closed at a premium of 123 points compared to its previous day’s increase of 79 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 2433.94 Cr,

Sold Index Option worth 20355.60 Cr,

Bought Stock Futures to the tune of 1391.25 Cr,

Sold Stock Options to the tune of 1569.13 Cr,

Net Sold in the derivative segment to the tune of 22967.40 Cr.

In Cash Segment FII Sold 10,073.75 Cr & DII Bought 9155.55 Cr.

The India VIX index is at 20.37 vs 14.32, ATM CE IV 17.65 & PE IV 21.59

Index options PCR is at 0.46 v/s 0.64 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 23500 and 23800 which may act as support for current expiry.

Nifty Call options OI shows that 24800 has the highest OI followed by 24500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 49500 which may act as support for the current expiry.

BankNifty Call strike 50500 followed by 51000 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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