1. It was a quiet day in options land with Nifty moving in a very small range, all that was added was some 3L/4L of 6000PE & 5900PEs. The range of this expiry still seems to be 5900-6100 - unless something changes drastically in next few sessions
2. 6000 is still officially a resistance with 78L calls vs 58L puts - but puts are consistently getting added
3. 5900 is still support and recent activity of addition of 5900PEs continues
4. Lower Support @5800 remains reasonably strong, although some 5800PEs were covered yesterday which could be profit booking
5. PCR had a negligible increase from 1.34 to 1.35
Nifty Futures:
Dec 2010: 2.24Cr OI down 5.6% (13.4L shares cut)
Jan 2011: 59.8L OI up 30% (13.8L shares added) -- Almost 100% rolled over
Banknifty Futures:
Dec 2010: 12.6L OI down 2% (0.25L shares cut)
Jan 2011: 2.98L OI up 17% (0.43L shares added) - again higher rollover after blockbuster addition yesterday
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4 comments:
Another view
http://technically--speaking.blogspot.com/2010/12/nifty-5-day-pattern-matching-12222010.html
but,I am inclined to agree with you.
Merry Christmas ! Shai, Viren, Girish.
:)
Have a great weekend, and holidays.
merry chritmas..jai and viru pa ji..v1 v2 too
Moh, Manu
Merry Christmas to you guys too!
Looks like both Shai and Viren are fully enjoying their Christmas Holidays.
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