Options/futures data for 13th Jan (EOD)

Summary:
1. The best analogy to describe the state of Nifty as depicted by options table is -- In some movies the car of a hero goes near a cliff and gets stuck at the edge and is absolutely precariously balanced. And all it needs is just a bird or a small monkey to come and sit on the hanging edge and it can nosedive! But the question is - will someone push it on the other side of 5700? In spite of this if bears can't manage to take it below 5700 then its a very healthy sign that 5700 would remain as a strong support for this market in future.
2. Options data did a full U-turn as did the market and now we are back to 5700-5900 range. 5900 becoming the resistance with 19.8L calls added
3. 5800 is the 50-50 level now - again 19L calls added. (7L were covered previous day and now 19L added!)
4. Support exists @5700 - but the bias is negative.
5. PCR now makes another U-turn frim 1.01 to 0.94 -- a new low we have seen so far in 3-4 months!


Nifty Futures:
21.2L OI up 5.5% (11L shares added) -- That's pretty decent OI addition! Longs? Shorts? -- Only a break of 5700 on downside and 5880-5915 on upside will confirm.


Banknifty Futures:
13.5L OI up 2.5% (0.3L shares added) -- After only OI reduction in last few days finally some increase. Again only a break of 10630/11280 will decide the fate of this market.