Options/futures data for 14th Feb (EOD)

Summary:
1. Finally bulls decided to show their love for Nifty on Valentine's day and presented a 140+ point gift. Puts were being written as if a paid person is distributing pamphlets for the upcoming politician's visit. Also the enigma of 2 50-50 levels was cleared in style now with 5400 now becoming the support. We have seen in the past that when we get one of those "too good to be true" kind of option table changes, one has to be cautious.
2. 5500 is the current resistance but still can be considered a weak resistance. 5600 seems to be a better resistance with some puts also added
3. 5400 is the support with 90L+ puts 
4. More supports exist at 5300/5200
5. PCR jumped from 1.02 to 1.14 due to massive put writing/call covering


Nifty Futures:
2.56Cr OI down 1.85% -- Still no big short covering.


Banknifty Futures:
9.1L OI down 3.2% -- BN OI is now at its lowest level in last 6 months.