Facing some issue with Google Gadget this morning - so no OI chart :(
Summary:
1. No significant structural change in options table from Friday's action except for 5800CE writers using the God sent intraday dip to cover 9L calls!
2. 6000 is still the resistance but calls seem to be adding reluctantly while some puts are also adding at 6000!
3. 5900 is still a 50-50 level with positive bias.
4. 5800 remains strong support. Of the 23L 5800CEs added on 9th Dec, 9L were covered yesterday.
5. 6100/6200 calls covering continues. And if bulls manage to break the 'Wall @6000 (specifically 79L 6000CEs)' then it would give a swift move up
Nifty Futures:
2.5Cr OI flat
Banknifty Futures:
12.2L OI down 1.5% -- Actually this market is able to move 100 points in a matter of few ticks only because the OI is down almost 60% from its peak in August and more than 50% from its September breakout level.
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