1. The enigma of two 50-50 levels in the options table continues. Despite massive 150+ points rally from low of Friday, the options table hasn't changed significantly.
2. 5400 and 5300 are both 50-50 levels as per options table.
3. 5200 seems to be the support but for whatever reason 5200CEs added almost 13L on Friday. I would have expected 5200/5300/5400CEs covering massively for a sustainable rally.
4. Lower level put addition continues with 5100PE now having the highest OI of puts at all strikes
5. PCR up to 1.02 from 1.00
Nifty Futures:
2.61Cr OI up 1.9% -- No sign of short covering at all despite a big rally on Friday
Banknifty Futures:
9.44L OI down 9% -- Banknifty put in a bottom @10030 (BN Fut)?
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2 comments:
Thanks Girish!
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