1. Its was a quiet day in options land with the range pretty much staying between 5400-5500 as per OI table. Neither the 5400PE writers nor the 5500CE/5400CE writers want to cover so far. So may be the market needs a push either way.
2. 5500 is the resistance but since the difference between 5500PE and 5500Ce is only 23L it could turn out to be a 50-50 level if we see a forced call covering/short covering in Nifty
3. 5400 is the support but now the 5400CEs have increased up53L which is not a small number. If a strong sell off emerges below the lows of last two days may be the 5400PE writers will be forced to cover.
4. PCR slightly up from 1.11 to 1.15 mainly because of the 14L 5100PE addition.
Nifty Futures:
2.45Cr OI down 1% - that's nothing compared to the 13% increase on Friday. So something is waiting to happen. This is clearly looking like 'calm before the storm'
Banknifty Futures:
11.8L - OI flat. - Eventhough Banknifty made a lower low compared to mid Jan low of 10380, the only positive as of now is that SBI is not making lower low than mid Jan low of 2470. The flip side is that SBI has highest weightage in Banknifty and if market makers want a faster fall, SBI can give that turbo effect during the fall!
Posts
2 comments:
Thanks Girish!
I feel that information talked about the subject is amazing and very informative
I have been looking related to the subject and your website truly clarified a lot of concerns I had.
options trading
Post a Comment