Options/futures data for 7th OCT (EOD)

For analysis about some important levels in Nifty and Banknifty on a weekly time frame, take a look at Shai's post here.

Summary:
1. With highest OI @6300CE, that's the current resistance now. Interestingly - eventhough market fell quite a bit from 6229 to almost 6130, not many 6300CEs were written. Call writers expecting a run up or just their last month's bad experience haunting them?
2. Some amount of call writing was seen at 6200 but need to see if the trend continues. And speculative Call buying at 6400/6500 is still on.
3. Yesterday, I had raised a point about why 6100PEs were not written despite 4 sessions of closing above 6100+, now we know what the put writers were scared of - a vertical fall that happened in last hour of trade!
4. With 78L put OI 6000 support is strengthening. 
5. PCR is unchanged at 1.27


Nifty Futures:
2.6Cr OI down 2.2% (6L shares cut from OI) -- Seems to be long unwinding and no aggressive shorts yet. 


Banknifty Futures:
16.7L OI down 0.6% -- Again no long unwinding & no aggressive shorts yet.