Options/futures data for 19th Oct (EOD)

For reference levels during the fall and possible supports, take a look at Shai's post here

Summary:

1. One takeaway from yesterday's Options table - Call Writers at 6000/6100 were SPOT ON! And they are not done yet - yesterday another 8L added @6000CE & 4.6L added @6100CE. Call writers expecting further downside.

2. Even though call writers are expecting further downside, writers @6000PE are not covering yet. So today might be THE DAY for 6000PE writers to defend 6000 (in Nifty Futures). If they give up and cover then we might see a further slide towards 5900. Speaking of 5900, there has been a steady build up of 5900PEs. It seems now that smart money was already buying 5900PEs while market was climbing 6300+ (in NF)

3. As of now 6100 is the resistance and 6000 the support. 

4. PCR has come down from 1.26 to 1.22. This is in stark contrast to last month when used to see "boat loads" of puts being written and PCR was pushing the 2.0 mark!

Nifty Futures:

OCT: 2.6Cr OI down 4% (11L shares cut)

NOV: 29L OI up 10% (2.5L shares added) - very few rolled over.

Banknifty Futures:

OCT: 14.6L OI up 3% -- well I want to seem some OI addition, doesn't matter longs or shorts!

NOV: 1.6L OI flat 

Just wanted to end this post with 2 beautiful pictures that convey one message that Viren has been mentioning so many times in this blog "Below Value area and Below VWAP, Sellers are in Control"

Note: These are Monthly Charts