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HIGHLIGHTS:

Nifty futures closed at 21886 yesterday on a negative note with 0.70% decrease in the open interest indicating Long Unwinding.

It closed at a premium of 155 points compared to its previous day’s premium of 164 points.

Bank Nifty closed at 48629 yesterday on a negative note with a 0.52% decrease in open interest indicating Long Unwinding.

It closed at a premium of 336 points compared to its previous day’s premium of 314 points

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 300 Cr,

Bought Index Option worth 28611 Cr,

Sold Stock Futures to the tune of 1502 Cr,

Net Bought in the derivative segment to the tune of 26835 Cr.

In Cash Segment FII Bought 1459 Cr & DII Bought 554 Cr.

The India VIX index is at 14.50 vs 15.14, ATM CE IV 11.60 & PE IV 11.72

Index options PCR is at 1.12 vs 1.30 to its previous day closing.

Nifty Put options OI distribution shows that 21500 has the highest OI concentration followed by 21700 and 21600 which may act as support for current expiry.

Nifty Call options OI shows that 22000 has the highest OI followed by 21800 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 48500 which may act as support for the current expiry.

BankNifty Call strike 48500 followed by 48400 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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