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HIGHLIGHTS:

Nifty futures closed at 23019 yesterday on a positive note with price gain of 0.07% & 4.04% increase in the open interest indicating Long Build Up. It closed at a premium of 62 points compared to its previous day’s premium of 35 points.

Bank Nifty closed at 49045 yesterday on a positive note with price gain of 0.42% & 4.07% increase in open interest indicating Long Build Up. It closed at a premium of 73 points compared to its previous day’s premium of 70 points.

In Yesterday’s Trading Session FII's

Bought Index Futures to the tune of 5410 Cr,

Sold Index Option worth 4995 Cr,

Sold Stock Futures to the tune of 585 Cr,

Bought Stock Options to the tune of 839 Cr,

Net Bought in the derivative segment to the tune of 669 Cr.

In Cash Segment FII Sold 944 Cr & DII Bought 2320 Cr.

The India VIX index is at 21.71 vs 21.38, ATM CE IV 14.23 & PE IV 14.06

Index options PCR is at 1.14 vs 1.37 to its previous day closing.

Nifty Put options OI distribution shows that 23000 has the highest OI concentration followed by 22500 and 22700 which may act as support for current expiry. Nifty Call options OI shows that 23000 has the highest OI followed by 23100 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 48500 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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