Thursday, November 18, 2010

Options/futures data for 16th Nov (EOD)


Just wanted to point out that I have added an Interactive Google gadget to the OI table which will be always displaying the previous day's OI data - Here's the link that explains how to use it - 


Summary:
1. The bear attack more gruesome on Tuesday with options table become way more bearish than my liking. Too much call writing at 6200/6100/6000 and even some at 5900! Also decent put covering at all higher levels including 6000PEs
2. 6200 now becomes the strong resistance and at 6100 bears have slight edge because of the 60L calls vs 50L puts
3. Some cause for concern are 29L 6000CEs written and 11L 5900CEs - if these don't get covered soon then Nifty is headed much lower regardless of the bounce that comes.
4. PCR is now at 1.05 - almost the lows I have seen in last 3-4 months. If we take a contrarian approach, this kind of low PCR should signal a reversal, even if its small and temporary.


Nifty Futures:
NOV: 2.5Cr OI flat - OI has remained almost flat (may be 2-3% down) during the entire fall from 6340+ to 5970s. So no big shorts are added. But this is a options heavy market and all the big plays are in options now than futures!
DEC: 32L OI up 13% (3.8L shares added) - Last couple of days there has been some OI addition to DEC


Banknifty Futures:
14.9L OI down 2% - Don't know i we will ever see those 28L-35L OI days..


Charts from Viren:



2 comments:

Girish Desai said...

Value areas :

Nifty : 6027-6000-5990
BN : 12645-12550-12520

r m said...

Thanks Girish!