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HIGHLIGHTS:

Nifty futures closed at 23355 yesterday on a positive note with price gain of 0.19% & 4.60% Increase in the open interest indicating Long Build Up. It closed at a premium of 32 points compared to its previous day’s premium of 45 points. Bank Nifty closed at 49914 yesterday on a positive note with price gain of 0.29% & 3.52% decrease in open interest indicating Short Covering. It closed at a premium of 20 points compared to its previous day’s premium of 63 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 2997 Cr,

Sold Index Option worth 28563 Cr,

Bought Stock Futures to the tune of 108 Cr,

Sold Stock Options to the tune of 201 Cr,

Net Sold in the derivative segment to the tune of 25659.90 Cr.

In Cash Segment

FII Bought 426.6 Cr & DII Bought 233.75 Cr.

The India VIX index is at 14.39 vs 14.77, ATM CE IV 17.68 & PE IV 13.31

Index options PCR is at 0.90 vs 0.89 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 22800 and 23200 which may act as support for current expiry.

Nifty Call options OI shows that 24000 has the highest OI followed by 23500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 49700 which may act as support for the current expiry.

BankNifty Call strike 50000 followed by 50500 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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