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HIGHLIGHTS:

Nifty futures closed at 21528 yesterday on a positive note with 8.81% increase in the open interest indicating Long Build Up. It closed at a premium of 75 points compared to its previous day’s premium of 59 points.

Bank Nifty closed at 48010 yesterday on a positive note with a 4.54% increase in open interest indicating Long Build Up.

It closed at a premium of 139 points compared to its previous day’s premium of 80 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1284 Cr,

Bought Index Option worth 9234 Cr, Sold Stock Futures to the tune of 788 Cr,

Net Buyers in the derivative segment to the tune of 9666 Cr.

In Cash Segment FII Sold 601.52 Cr & DII Bought 294.35 Cr.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

The India VIX index is at 13.87 vs 13.90, ATM CE IV 12.00 & PE IV 13.24

Index options PCR is at 1.13 vs 1.12 to its previous day closing.

Nifty Put options OI distribution shows that 21300 has the highest OI concentration followed by 21200 and 21400 which may act as support for current expiry.

Nifty Call options OI shows that 21500 has the highest OI followed by 21600 which may act as resistance for current expiry. BankNifty Put options OI distribution shows that 47500 has the highest OI concentration followed 47700 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 47900 witnessed significant OI concentration and may act as resistance for the current expiry.

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