IGI Logo

HIGHLIGHTS:

Nifty futures closed at 22421 yesterday on a negative note with price Cut of 0.58% & 2.16% Decrease in the open interest indicating Long Unwinding. It closed at a premium of 89 points compared to its previous day’s premium of 59 points. Bank Nifty closed at 47490 yesterday on a negative note with price cut of 0.98% & 6.57% Increase in open interest indicating Short Build Up. It closed at a premium of 162 points compared to its previous day’s premium of 123 points

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 173 Cr,

Sold Index Option worth 14364 Cr,

Bought Stock Futures to the tune of 895 Cr,

Net Sold in the derivative segment to the tune of 14009 Cr.

In Cash Segment FII Bought 4213 Cr & DII Bought 3238 Cr.

The India VIX index is at 13.99 vs 13.61, ATM CE IV 14.21 & PE IV 14.59

Index options PCR is at 0.94 vs 1.07 to its previous day closing.

Nifty Put options OI distribution shows that 22300 has the highest OI concentration followed by 22400 and 22000 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22600 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 47500 has the highest OI concentration followed 47000 which may act as support for the current expiry.

BankNifty Call strike 47800 followed by 47500 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633