1. Battleground @6000 won yesterday by bears but bulls didn't give up either and added 5L shares @6000PE. 6000 is still officially a resistance with 70L calls vs 57L puts.
2. 5900 is an intermediate support with 58L puts vs 34L calls. Strong supports exist @5800 and below
3. Higher level calls (6100CE/6200CEs) added yesterday too
4. Still that weird situation of 6000CE OI (70L) being more than 6100CE (59L) exists. As concluded yesterday - if the 6000CEs are forced to cover, a swift move towards 6100+ is possible
5. PCR dipped from 1.26 to 1.22
Nifty Futures:
2.75Cr OI up 0.8% (2.26L shares added) - Not much OI added/cut despite 100 point fall from peak yesterday
Banknifty Futures:
13L OI up 5.1% (0.6L shares added) -- New shorts? Only follow up action can confirm
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1 comments:
Thanks Girish!
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