Options/futures data for 17th Sep (EOD)

Summary:

1. The call writing that started at 5900/6000 a couple of days back has continued! So atleast some call writers are convinced that they can manage to stop this market from rising further.

2. Puts are being written only at 5900/5800 but 5700PE/5600PEs are being covered for last 3-4 days. Those who wrote these options want to book profits because if market falls 100+ points they will lose profits

3. 5800 now seems to be decent support with 78L calls vs 57L puts.

4. PCR has gone up from 1.72 to 1.75 because marginally more puts were added at 5900/5800 compared to calls

Nifty Futures:

SEP: 3.88Cr OI down 1.4% - profit booking

OCT: 45L OI up 12%

Banknifty Futures:

24.7L - OI down 6.3% -- Banknifty has shed almost 10% OI in last week - which is pretty much what was added the Friday before the big Gap up. Now that shorts are covered we need to see if longs get added.