Options/futures data for 8th Feb (EOD)

Summary:

1. The options table is now in confused state with broad range suggested as 5300-5500. But unlike our traditional support/resistance analysis with options, we have 5400 which has the highest number of both calls and puts. So the market is evenly poised for a movement in either direction.

2. 5500 is the resistance with 65L calls vs 38L puts

3. 5400 is the 50-50 level but with massive puts/calls

4. 5300 is the support with 59L puts 25L calls. What is strange? For last 2 sessions 5100PEs have added 30L OI. Speculative buying or someone expecting a US market crash to join and Nifty's bear party going full blast till 5100?

5. PCR down to 1.09 from 1.14. Still not as bad as Jan series when we had PCR below 1 for quite a few sessions

Nifty Futures:

2.5Cr OI up 3% -- No big addition

Banknifty Futures:

12L OI up 2% -- OI has been flattish to slowing increasing for last few sessions. 10170-10096 is the breakout point from beginning of August series. Yesterday's morning low was close to 10170 and afternoon it even managed to get close to 10096. Below that it could head to 4 digits (which is not too far anyway)