Options & futures data for 21ST Dec (EOD)

Summary:
1. From 10th of December, I have been highlighting the fact that there are not enough calls at strikes above 6000 which would lead to swift rise if 6000CE writers cover. Well, yesterday's action seems like someone is working to fill that space. 13L 6100CEs were written - making 6100 the immediate resistance if 6000CE writers are forced to cover. Also the the other strike where most OI was added (almost 14L) was 5900PE. With just one week left for expiry, someone seems to be trying to set the range of 5900-6100 for this expiry?
2. 6000 is officially still a resistance but probably needs one big push from bulls to force the adamant 6000CE writers to cover.
3. 5900 has now been upgraded from 50-50 level to support.
4. 5800 is strong support.
5. PCR has further jumped up from 1.27 to 1.34


Nifty Futures:
2.5Cr OI up 1.6%


Banknifty Futures:
13L OI down 2.6% -- All shorts added the previous day are cleared! Now 0.6L remaining from 15th Dec (high of that day was 11615)


Private Banks update -- Yesterday I mentioned watch for private banks. What's the score? ICICIBANK up 3.3%, AXISBANK up 3.5%, FEDERALBNK - didn't do much though


Watch to watch today? - Yet another big daddy and a sleeper stock in Oil and gas space
1. RELIANCE - December Fut OI down 22% in last 10 sessions and 16% overall down (6% rolled over to Jan)
2. GAIL -- GAIL OI is down 24% yesterday and 36% in last 2 sessions.