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HIGHLIGHTS:

Nifty Futures closed at 24985 yesterday on a negative note, with a price gain of 0.32% and 3.62% decrease in the open interest, indicating a Short Covering. It closed at a premium of 49 points compared to its previous day’s premium of 54 points. Bank Nifty closed at 51267 yesterday on a positive note with price gain of 0.96% & 5.88% decrease in open interest indicating Short Covering. It closed at a premium of 149 points compared to its previous day’s premium of 205 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 372 Cr,

Bought Index Option worth 6514 Cr,

Sold Stock Futures to the tune of 2562 Cr,

Sold Stock Options to the tune of 2312 Cr,

Net Bought in the derivative segment to the tune of 1267.15 Cr.

In Cash Segment FII Bought 1176.55 Cr & DII Bought 1757.02 Cr.

The India VIX index is at 14.24 vs 15.22, Nifty ATM IV is trading at 14.11, while BankNifty IV is quoting at 15

Index options PCR is at 0.67 v/s 0.61 to its previous day closing.

Nifty Put options OI distribution shows that 24500 has the highest OI concentration followed by 25000 and 24800 which may act as support for current expiry.

Nifty Call options OI shows that 25200 has the highest OI followed by 25000 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 50000 has the highest OI concentration followed 50500 which may act as support for the current expiry.

BankNifty Call strike 51500 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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