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HIGHLIGHTS:

Nifty Futures closed at 24711 yesterday on a negative note, with a price Cut of 1.28% and 2.65% decrease in the open interest, indicating a Long Unwinding. It closed at a discount of 6 points compared to its previous day’s premium of 21 points. Bank Nifty closed at 51429 yesterday on a negative note with price cut of 0.63% & 4.71% increase in open interest indicating Short Build Up. It closed at a premium of 79 points compared to its previous day’s increase of 189 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 1394.66 Cr,

Bought Index Option worth 32869.28 Cr,

Sold Stock Futures to the tune of 8106.62 Cr,

Sold Stock Options to the tune of 1572.24 Cr,

Net Bought in the derivative segment to the tune of 21795.66 Cr.

In Cash Segment FII Sold 3,310 Cr & DII Bought 2965.94 Cr.

The India VIX index is at 14.32 vs 12.93, ATM CE IV 12.23 & PE IV 14.35

Index options PCR is at 0.64 v/s 0.99 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24100 and 24500 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 25500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50500 has the highest OI concentration followed 51000 which may act as support for the current expiry.

BankNifty Call strike 51500 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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