Options/futures data for 9th Nov (EOD)

Back from Diwali break and straight to options/futures data ..

Summary:
1. Options table in the last few days looks like an set of islands split into bullish, bearish and neutral at different strikes. Only clear thing from the table is 6500 is the strong resistance and 6100/6000 are strong supports.
2. Nobody wants to write 6400CEs as they are scared of being run over by bulls
3. 6300 as of now is neutral to turning bullish due to the massive put addition. To be honest I never like a lot of put addition at only one strike. If someone is bullish about 6300, they better be bullish about 6200 too. In October (on 13th when Nifty Fut touched 6300+) we had massive put addition at 6300/6200/6100 like 'one-day-wonder' and in next 2 days they all covered. So I want to see more 6200PEs added as they provide that "cushioning" needed in case of a sharp fall.
4. PCR has inched up to 1.39 but nowhere near to the bubble zone of 1.8+


Nifty Futures:
2.5Cr OI down 1% (Obvious short covering in late afternoon party)


Banknifty Futures:
16.7L - OI almost flat -- Surprisingly once BN OI came down from those 35L-28L levels, it has not managed to climb above 20L. So I am tempted to declare BN as a 'perfect day trading instrument'  (Loss or profit - be done with it by 3:30!)


Monthly Charts - speak only one thing - "bulls in control"