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Nifty 17700 Put strike holds substantial OI

Nifty view: The Nifty is expected to open flat despite weak global cues, indicating inherent strength. Ahead of expiry, we expect the Nifty to trade with a positive bias. On the downside, 17700 Put strike holds highest OI, which is likely to act as immediate support and limit downside.
Bank Nifty view: For the day, we expect the Bank Nifty to trade in a broader range of 42500-43000 levels. Even options data suggests the same as 42500 and 43000 Put and Call hold substantial OI indicating range bound activity.
FII: FIIs sold Rs 407 crore while DIIs bought Rs 564 in the cash segment. FIIs have bought index futures worth | 527 crore while in index options they sold Rs 14797 crore. In the stock futures segment, they bought Rs 1705 crore

Stocks in F&O Ban: Nil