1. Finally, Santa did come on Friday and took Nifty above 6000 barrier. The options action was pretty bullish too. The range suggested by options table is still 5900-6100 for this expiry.
2. 6100 is now the resistance with 81L calls vs 19L puts - although puts are betting added slowly @6100
3. 6000 is now a 50-50 level with positive bias because of call massive covering/put writing action on Friday
4. 5900 has become a strong support now.
5. PCR jumped from 1.35 to 1.41!
Nifty Futures:
2.1Cr OI down 4.5% (10L shares cut)
68L OI up 14% (8L shares added) -- 20% less rollover
Banknifty Futures:
12.2L OI down 3% (0.4L shares cut)
3.6L OI up 22% (0.66L shares added) -- higher OI addition for the third day for BN. All I can say is that a bigger move is coming. Watch 11680 for a move to come on upside and 11330 for move on lower side.
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1 comments:
Thanks Girish!
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