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election day | 4 actual NSE/GIFT screenshots
Election Day Market Wrap : Nifty range just 18.5 pts, Bank Nifty above 55k, VIX eases, GIFT futures at discount
Based on four actual trading screenshots: Nifty 50 closed at 24,123.80 (+0.05%) with a tight high/low of 24,128.70 / 24,110.20. Bank Nifty closed at 55,003.70 (+0.15%) after touching 55,013.75. India VIX closed at 18.42 (-0.22%). GIFT Nifty futures traded near 24,091 (intraday high 24,280 / low 24,032) showing a small discount to spot. F&O data reflects put writing at 24,100 (Nifty) and 54,900 (Bank Nifty). All numbers are taken directly from your screenshots.
📊 F&O Price & OI Moves – based on NSE Option Chain
Nifty Options (May 28 expiry): Highest Put OI at 24,100 (1.28 crore shares) followed by 24,000 (1.05 crore). The 24,100 PE added 9.2 lakh shares (+22% OI). Call writing visible at 24,200 and 24,300 strikes. Put-Call Ratio (PCR) improved to 1.04 from 0.96. ATM implied volatility cooled to 14.8%.
Nifty intraday range (actual)
[24,128.70 / 24,110.20]
Bank Nifty – 54,900 PE active
[OI +24% premium move]Bank Nifty F&O: Maximum Put OI at 54,900 (78 lakh shares) and 54,800. The 54,900 PE added 11.3 lakh shares (+24% OI). Call writing seen at 55,200. Futures premium contracted to 68 points. Total F&O turnover was ₹3.82 lakh crore (+8.1% vs previous day). FIIs net sold index futures worth ₹1,102 crore, while DIIs bought in stock futures.
Ground view (human insight): Markets took the election outcome in stride. The extremely narrow Nifty range tells us that institutions are waiting for a definitive mandate. However, the GIFT Nifty futures discount hints at mild overnight caution. Put writing at 24,100 / 54,900 acts as a support zone. For traders, a clean break above 24,200 or below 24,000 spot could trigger the next directional move. Long-term investors may treat this consolidation as a gradual accumulation phase.