*Derivative Eyes👀: 24th February 2025* In last trading sessions Nifty Futures decreased by 0.52%, closing at 22,823 while Bank Nifty Futures decreased by 0.89%, closing at 49,031. Nifty and Bank Nifty witnessed long unwinding based on cumulative OI data. On the sectoral front Metal was the only gainer while Auto, Healthcare and Pharma were underperformed. In the cash segment FIIs sold stocks worth Rs. 3449 crore, and DIIs bought stocks worth Rs. 2885 crore, bringing the total net outflow to Rs. 565 crore. India VIX, a measure of market volatility, closed 1.03% lower at 14.53. A VIX level above 14 suggests heightened volatility, which could exert pressure on Nifty at higher levels. *Index Net Long/short Position* Client and PRO reduced long positions. PRO increased their long positions. FII increased their short positions. *Index Update* Max OI on the Call side is observed at the 24,000 level, while on the Put side, it is at the 22,000 level. The maximum pain point stands at 23,000. Notably, the highest OI addition for Calls and Puts occurred at the 23,100 and 22,500 levels, respectively. PCR is at 0.73. For Nifty Futures on the upside key resistance levels are at 23,100 and 23,500, while on the downside; key support levels are at 22,700 and 22,500.