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HIGHLIGHTS:

Nifty futures closed at 23310 yesterday on a positive note with price gain of 0.27% & 0.98% Increase in the open interest indicating Long Build Up. It closed at a premium of 45 points compared to its previous day’s discount of 12 points. Bank Nifty closed at 49769 yesterday on a positive note with price gain of 0.07% & 1.07% increase in open interest indicating Long Build Up. It closed at a premium of 63 points compared to its previous day’s discount of 49 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 970 Cr,

Sold Index Option worth 24372 Cr,

Sold Stock Futures to the tune of 2058 Cr,

Sold Stock Options to the tune of 64 Cr,

Net Sold in the derivative segment to the tune of 25525 Cr.

In Cash Segment

FII Sold 111 Cr & DII Bought 3193 Cr.

The India VIX index is at 14.77 vs 16.40, ATM CE IV 17.73 & PE IV 13.69

Index options PCR is at 0.89 vs 0.82 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 23200 and 22800 which may act as support for current expiry.

Nifty Call options OI shows that 24000 has the highest OI followed by 23500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 49500 has the highest OI concentration followed 49200 which may act as support for the current expiry.

BankNifty Call strike 50000 followed by 50500 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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