Thursday, December 9, 2010

Options/futures data for 8th Dec (EOD)


Summary:
1. The battle @6000 seems to have been won by bears yesterday with 14L calls adding vs 7L put covering. Now 6000 is upgraded to resistance
2. 5900 now becomes a 50-50 level with some hopes remaining due to 52L puts vs 40L calls
3. Strong support remains @5800 due to large number of puts
4. Some oddities - (draw your own conclusions)
  i) 6300CEs covering. 
  ii) 6100 CE OI is not as big as 6000CE OI
  ii) 9L 6100PEs were added when Nifty shot up from sub 5800 levels to 6000+ and only 3L have been covered so far. Are these put writers dumb or super smart?
5. PCR has dipped from 1.21 to 1.14


Nifty Futures:
2.6Cr OI flat -- Still longs exist from lower levels


Banknifty Futures:
13.4L OI up 3.7% (0.5L shares added) -- Shorts from higher levels not covered yet and some OI added yesterday. If Banknifty has to rise from here, the shorts need to cover.


Some charts:
Nifty Monthly Chart
 BN monthly Chart
 And BN Line chart from March 2009



2 comments:

Viren said...

good charts.

that is the third test of that TL.gets weaker...

Viren said...

new post