Summary: -- Actually there is no real change in picture of options from yesterday.
1. 6200 remains the resitance for expiry with 83L OI @6200CE. 6200PEs added almost 6L yesterday and 6L covered today - option writers playing merry-go-round!
2. 6100 remains a balanced level with 58L calls and 52L puts. Expiry now seems to be dependent on who is stronger of the two - 6100CE writers or 6100PE writers. A possibility I am considering for expiry is exactly 6100 +/- 20 points based on options data. The higher end of my target comes close to what Viren mentioned in his post yesterday, the strong possibility for expiry is 6125-6140 given current month POC/VWAP are close to 6120/6144.
3. 6000CEs covering 13L in last 2 days indicates an expiry definitely higher than 6000
3. 6000 remains a strong support for the market till expiry with 78L OI @6000PE
4. PCR is almost flat @1.22
Nifty Futures:
OCT: 2.1Cr OI down 5% (12.5L shares cut)
NOV: 1.25L OI up 46% (39L shares added) -- Higher rollovers for second day in a row, with total of 44L additional shares added to NOV OI. Higher rollovers seem to be happening in the middle of the 6000-6300 bracket. Can't say if these are longs or shorts.
Banknifty Futures:
OCT: 9.4L OI down 18% (2L shares cut)
NOV: 9L OI up 97% (4.4L shares added) - First time we are seeing significantly higher rollovers in Banknifty! This also being in the middle of 12225-12880 band, can't conclude if these are longs or shorts
Monthly Charts of Nifty/Banknifty:
Nifty hovering around Monthly POC/VWAP & Banknifty did fall more than Nifty yesterday.
Posts
7 comments:
Value areas :
NF : 6130-6123-6114
BNF : 12430-12402-12395.
Read it as VAH_POC-VAL:
since 1.30 pm today, not able to log in in VT2 room - net is fine, trading sw and other sites are working fine
Janak,
It happened a couple of times to me when I was using IE. I switched to Chrome and now its been stable. May be you can try to change the browser to Chrome or Firefox
GD, I'm using Firefox since a long time.
Dear Janak,
Apologise for the inconvenience caused.I checked the logs but was unable to locate any error.
Maybe the error was because the link didn't function. I will put up another back-up link on Vtrender 2 to avoid such issues again.
Dear Shai,
Thanks. Also, if your contact nos. are provided - i can send an sms if there is a problem.
BTW, BN/NF will shoot up tom. - as on expiry we see lot of volatility and now that we have seen a correction today, tom. might be and UPSIDE?
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