1. I have never seen this kind of confusion in options table in the last few months. As of now we have both 5400 and 5300 as 50-50 levels. Interestingly even though Nifty is at 5260, the 5400PEs have highest OI of all three strikes 5200-5300-5400!
2. 5400 is a 50-50 level with almost equal number of puts and calls and also that has the highest cumulative OI (puts + calls). So either one more attempt towards 5400 would come or these put/call writers will shift to 5300 if the market tanks below 5200
3. 5300 is also now also a 50-50 level with with slight edge to the put writers.
4. 5200 looks to be the strong support.
5. PCR is 1.07 vs 1.09 yesterday
Nifty Futures:
2.57Cr OI up 1.5%
Banknifty Futures:
11.17L OI down 7.5% -- Good amount of OI cut. Some shorts closed?
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Thanks Girish!
Desi NYMO (I have named it as NASTYMO, NA=national, ST=stock exchange, Y=poetic license!) is at -89, maybe a little bounce?
https://docs.google.com/drawings/edit?id=1-0BFzDZ-ZUhN5z7S57HvtLKIHo99pEptI7_gS0jbUoo&hl=en
Ok RM,
We accept the Christening !
NASTYMO !
Thanks for the Pic. Incidentally the developing divergence disappeared.
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