Options/futures data for 5th Jan (EOD)

Summary:
1. The sellers continued to press hard drove Nifty well below the opening level price on the first day of the series.
2. 6200 is the firm resistance now with 15L calls added in 1 session!
3. 6100 is a 50-50 level. Despite 8.5L calls being added @6100, the equation is still even.
4. 6000 is the current support with even some 2L puts added. And the 23L 5900PEs added on the very first day of the series - still remain as a second level support.
5. PCR has now dipped from 1.4+ couple of days back to 1.31 -- certainly because of call writing @6100-6300


Nifty Futures:
1.97Cr OI down 1.2% (2.56L shares cut) -- some shorts closed yesterday


Banknifty Futures:
1.53L OI down 2.6% (0.4L shares cut) -- still almost 8-9% of short OI added during previous 2 sessions remain. Banknifty seems to be under pressure with almost 25% OI increase in SBI in last 2 sessions and 10% OI increase in ICICIBANK in last 3 sessions -- most of these look like shorts


Swing lows (in early December) for:
BANKNIFTY: 11041
ICICIBANK: 1048
SBIN: 2675