Options/ futures data for 26/11

Summary:

1. Again as we saw on Thursday, the DEC Options data is not displaying that bearishness we have seen on the screen in the last few days. Just take 5800PE vs 5800CEs - the 5800PEs are massive 51L vs 24L 5800CEs (even after a 100% increase in 5800CE OI on Friday). 

2. 5900 seems to be balanced level with a negative bias. Given that there is only 9L difference between PE/CE, it could go either way depending on whether buyer or seller is strong

3. As of now, 5800 is the support and the 6000 is the resistance. Below 5800 there are good supports at 5700 & 5600

4. PCR dipped on Friday from 1.32 to 1.26 - but these are still much higher numbers than what we saw in last few days of Nov expiry (around 0.97-1.08)

Nifty Futures:

2.49Cr OI down 3.87% (10L shares cut) - opportunistic short closure? But not that big OI change though

Banknifty Futures:

14L OI flat - despite the index moving almost 300 points down and 400+ points up intraday, there is no change in OI!