Options/futures data for 4th Oct (EOD)

Trading is about listening to "market's message" and reacting to it rather hoping hat we think should happen. At Vtrender Live, we make an attempt to listen to market's subtle message using Charts/Profiles/Volumes/Order flow/Options & Futures Open Interest ... in order to get that edge in making the right trading decision.


Yesterday's post from Shai here explains how a subtle 'message from market' was picked up in the Live Session in the afternoon and interpreted.

Summary:
1. Call writing at 6300 continues. As of now call writers believe that 6300 is resistance for this market.
2. Call covering at 6100/6000 says writers not confident about restricting the market rise.
3. Put addition at 6000 continues & with 72L OI as of now 6000 is the current support for this market.
4. Lower level put addition continues. It could be "institutional hedging" or "some aggressive traders playing for a 5-7% correction" in October series.
5. PCR is now at 1.35 - well below the previous month levels.


Nifty futures:
2.78Cr OI up 1.5% (4L shares added to OI)


Banknifty Futures:
17.6L OI down 0.8% -- This is still a good 38% down from its SEP peak. Will OI deficiency in BN will make it correct somewhat?