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HIGHLIGHTS:

Nifty futures closed at 21217 yesterday on a negative note with 3.39% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 67 points compared to its previous day’s premium of 75 points.

Bank Nifty closed at 47480 yesterday on a negative note with a 1.07% increase in open interest indicating Short Build Up.

It closed at a premium of 35 points compared to its previous day’s premium of 139 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 1639 Cr,

Sold Index Option worth 40479 Cr, Bought Stock Futures to the tune of 6509 Cr,

Net Sellers in the derivative segment to the tune of 32421 Cr.

In Cash Segment FII Sold 1322 Cr & DII Bought 4754 Cr.

The India VIX index is at 14.45 vs 13.87, ATM CE IV 14.00 & PE IV 12.83

Index options PCR is at 0.66 vs 1.13 to its previous day closing.

Nifty Put options OI distribution shows that 21000 has the highest OI concentration followed by 20800 and 20700 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 47000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 47500 followed by 47700 witnessed significant OI concentration and may act as resistance for the current expiry

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