Options/futures data for 16th Dec (EOD)

Summary:
1. 'A lot can happen over a coffee' - I am sure most of you know this saying from Café Coffee Day. And in exactly parallel manner, 'A lot can happen in last two hours of trading day'. And a lot did happen on Thursday afternoon - esp on options front. Bulls came out swinging at bears and sort of changed the look of options table yet again! 
2. The most important strike of this series has been the 6000 and specifically all eyes are on 6000CE writers. Bulls managed to force almost 10L call covering @6000CE and added 6.5L puts @6000PE. One more day of such action will clear the way to next resistances 6050-6090-6124 
3. 5900 truly has been a 50-50 level in the past few days, with bulls taking it home one day and bears another day. As of now its got a decently +ve bias.
4. 5800 is the strong support.
5. PCR went from 1.24-1.20-1.26 in last 3 sessions. Will it now stabilize and keep moving towards bullish side? 


Nifty Futures:
2.35Cr OI down 3% (7.7L shares cut) - That makes it 6% OI cut in last 2 trading sessions and 12% OI cut in last 5 trading sessions! Right now the move up has come only from short covering.


Banknifty Futures:
13L OI down 6.5% (0.9L shares covered) - Of the 1.5L shorts added on 15th Dec, 60% are covered. If BN Futures cross next resistance zone of 11590-11610, the rest of short should also cover.