Options/futures data for 7th Sep (EOD)

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Summary:
1. With another 10L added to 5500PEs, it becomes a new floor for this market - almost! I say almost because the 5500CEs are pretty high.

2. What's interesting is the trend of adding 5600PEs continues. Another 23L were added yesterday. So the options action has now shifted to 5600.

3. If everything is so good there must be something bad. Its the PCR! PCR has inched up to 1.44. There is still room to go as we know at PCR 1.8 levels Nifty tends to top out.

Nifty Futures:

3.7Cr OI up 3.8%

Banknifty futures:

24L OI down 1.2%

Top Traded Stock futures:

1. TATASTEEL - OI down 3.74% -- Long unwinding or opportunistic short covering?

2. TATAMOTORS - OI up 2.25% -- Shorts added at higher levels

3. RELIANCE - OI down 3.5% -- Short covering.

4. SBIN - OI up 1.2%

5. ICICIBANK - OI up 1.2%

Top traded non-index futures:

1. JSWSTEEL - OI down 4.9%

2. INDIACEM - OI up 13%

3. CENTURYTEX - OI up 1.3%

4. APOLLOTYRE - OI almost flat

Top traded stock options:

1. TATASTEEL 580CA - OI up 140% - Big call writing for last two days here

2. TATASTEEL 600CA - OI up 40%

3. RELIANCE 980CA & 1000CA - OI down 10% & 5% respectively

4. UNITECH 85CA - OI up 22%

5. TATAMOTORS 1060CA - OI up 10%