24-04-2023 Derivatives Snippet - 24 April 2023

24-04-2023 Derivatives Snippet

• Nifty April future closed at 17657.30 with a premium of 33.25 points v/s 31.35 point premium in the last session. • Nifty futures OI increased by 0.47% to 1.12 Cr and Bank Nifty futures OI decreased by 0.54% to 29.86 Lakhs. • Nifty Put/Call Ratio (OI) decreased from 1.01 to 0.93 level. • India VIX was down by 2.60% from 11.94 to 11.63 levels. Volatility has sunk and overall has dried up and consistently hovering at its lower zones. • On Option front, Maximum Call OI is at 17700 then 18000 strike while Maximum Put OI is at 17700 then 17500 strike. Call writing is seen at 17700 then 17900 strikes while Put writing is seen at 17600 then 17500 strike. Options data suggests a shift in a trading range between 17400 to 18000 zones while an immediate trading range is between 17500 to 17750 zones.