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HIGHLIGHTS:

Nifty futures closed at 21527 yesterday on a negative note with 0.68% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 65 points compared to its previous day’s discount of 18 points.

Bank Nifty closed at 45689 yesterday on a negative note with a 8.52% decrease in open interest indicating Long Unwinding.

It closed at a premium of 156 points compared to its previous day’s premium of 95 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 2508 Cr,

Sold Index Option worth 45354 Cr,

Sold Stock Futures to the tune of 1873 Cr,

Net Sold in the derivative segment to the tune of 49358 Cr.

In Cash Segment FII Sold 9902 Cr & DII Bought 5977 Cr.

The India VIX index is at 14.07 vs 15.08, ATM CE IV 15.33 & PE IV 15.00

Index options PCR is at 0.94 vs 0.70 to its previous day closing.

Nifty Put options OI distribution shows that 21400 has the highest OI concentration followed by 21500 and 21200 which may act as support for current expiry.

Nifty Call options OI shows that 22000 has the highest OI followed by 21500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46000 has the highest OI concentration followed 45500 which may act as support for the current expiry.

BankNifty Call strike 46500 followed by 46000 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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