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HIGHLIGHTS:

Nifty Futures closed at 24383 yesterday on a positive note, with a price gain of 0.11% and a 1.96% decrease in the open interest, indicating a Short Covering. It closed at a premium of 67 points compared to its previous day’s premium of 31 points. Bank Nifty closed at 52439 yesterday on a positive note with price gain of 0.23% & 7.07 decrease in open interest indicating Short Covering It closed at a premium of 169 points compared to its previous day’s premium of 129 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 2179.30 Cr,

Sold Index Option worth 65319.50 Cr,

Sold Stock Futures to the tune of 5050.58 Cr,

Sold Stock Options to the tune of 159.88 Cr,

Net Bought in the derivative segment to the tune of 12863.18 Cr.

In Cash Segment FII Sold 1137.01 Cr & DII Bought 1676.47 Cr.

The India VIX index is at 13.99 vs 14.43, ATM CE IV 16.97 & PE IV 10.48

Index options PCR is at 0.98 v/s 0.74 to its previous day closing.

Nifty Put options OI distribution shows that 24000 has the highest OI concentration followed by 24200 and 24400 which may act as support for current expiry.

Nifty Call options OI shows that 25000 has the highest OI followed by 24400 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 52000 has the highest OI concentration followed 52200 which may act as support for the current expiry.

BankNifty Call strike 52500 followed by 53000 witnessed significant OI concentration and may act as resistance for the current expiry

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