1. Options table didn't change much during yesterday's action - some more calls added at 6000/5900 and lot more puts added at 5600/5700.
2. 5800-6000 range remains intact with 5800 strong support and 6000 being the strong resistance.
3. 5900 is somewhat 50-50 level with negative bias due to 40L calls vs 27L puts.
4. Writers seem to be reluctant to write lots of 5900/6000 calls while they are happy writing a comparatively higher number of 5800/5700 puts. So options writers' bias is to the upside. Need to see if this trend continues.
5. PCR slightly changed from 1.26 at 1.23
6. Adv-Dec changed from 0.13 to 0.90, with a massive change in McClellan Oscillator reading changed from -1128 to -91, implying market is returning to normalcy.
Nifty Futures:
2.5Cr OI up 1% (3L shares added to OI) - positive OI addition, as we saw in last few days of Nov series
Banknifty Futures:
14.5L OI up 1.3% (0.2L shares added to OI) - positive OI addition in BN too. Small but definitely +ve OI addition.
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