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HIGHLIGHTS:

Nifty futures closed at 21447 yesterday on a negative note with 8.61% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 59 points compared to its previous day’s premium of 100 points.

Bank Nifty closed at 47947 yesterday on a negative note with a 6.13% increase in open interest indicating Long Unwinding.

It closed at a premium of 80 points compared to its previous day’s premium of 128 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 16.47 Cr,

Sold Index Option worth 20656 Cr,

Sold Stock Futures to the tune of 1895 Cr,

Net Sellers in the derivative segment to the tune of 22059 Cr.

In Cash Segment FII Sold 33.51 Cr & DII Bought 413.88 Cr.

The India VIX index is at 13.90 vs 13.13, ATM CE IV 9.87 & PE IV 14.57

Index options PCR is at 1.12 vs 1.47 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.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

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