F&O Cues: Key support & resistance levels for Nifty 50
5paisa Research Team
Last Updated: 13th December 2022 - 10:55 pm
Nifty F&O action for November 11 expiry shows 17,900 will act as key support now.
Nifty 50 re-claimed the 18,000 mark on Monday after a gap of 12 days. On November 08 Nifty 50 saw a gap up opening, however, it soon fell into negative territory. Nevertheless, after 1130 hours it started to gain steadily and closed near the intra-day high by the end of the day. At close, Nifty was up 0.85% or 151.7 points to 18068.5. This is the second day in a row when Nifty 50 gained, despite Nifty Bank closing in the red.
Activity on the F&O market for the weekly expiry on November 11, 2021, now clearly shows that 18,500 will act as a strong resistance for this week. The highest call option open interest (91,666) for Nifty 50 stood at a strike price of 18,500. In terms of the highest addition of open interest in the call options front was at 18,500 in the last trading session. A total of 44,489 open interest was added at this strike price. The next highest call option open interest stands at 20,000 where total open interest stood at 71,651.
In terms of put activity, the highest put writing was seen at strike price of 17900 (74,231 open interest added on November 08), followed by 18,000 (45,686 open interest added on November 08), while there was put unwinding at strike price 17,000, followed by 16,700.
Highest total put open interest (104,498) stood at a strike price of 17,900. This is followed by a strike price of 17,800, which saw a total put option open interest of 71,606 contracts.
Following table shows the difference between call and put option at strike price near to max pain of 18000. Max pain has moved up from 17,900 to 18,000 mark in yesterday’s trade.
|
Strike Price |
Open Interest (Call option) |
Open Interest (Put option) |
Diff(Put – Call) |
|
17,800.00 |
16567 |
71606 |
55039 |
|
17,900.00 |
54010 |
104498 |
50488 |
|
18,000.00 |
51312 |
66593 |
15281 |
|
18100 |
67921 |
28899 |
-39022 |
|
18,200.00 |
69126 |
7096 |
-62030 |
|
18,300.00 |
67932 |
8428 |
-59504 |
|
18,400.00 |
69394 |
896 |
-68498 |
The Nifty 50 put call ratio (PCR) closed at 0.92 better than 0.72 in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.
Following table shows the participant wise action of key players on the index options front.
|
|
Index Put Options |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Nov 08 2021 |
Nov 03 2021 |
Nov 02 2021 |
|
Client |
2822 |
0.88% |
-317435 |
-320257 |
-318531 |
|
Pro |
3500 |
7.03% |
53255 |
49755 |
53952 |
|
DII |
0 |
0.00% |
43014 |
43014 |
41014 |
|
FII |
2843 |
1.30% |
221165 |
218322 |
225761 |
|
*Change from Previous Day |
|
|
|
|
|
|
|
Index Call Options |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Nov 08 2021 |
Nov 03 2021 |
Nov 02 2021 |
|
Client |
-68154 |
-183.51% |
-31015 |
37139 |
148897 |
|
Pro |
43204 |
46.04% |
-50631 |
-93835 |
-195673 |
|
DII |
0 |
0.00% |
401 |
401 |
401 |
|
FII |
24950 |
44.32% |
81245 |
56295 |
46376 |
|
*Change from Previous Day |
|
|
|
|
|
|
|
Net Change in Open Interest |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Nov 08 2021 |
Nov 03 2021 |
Nov 02 2021 |
|
Client |
-70976 |
-19.86% |
286420 |
357396 |
467428 |
|
Pro |
48870 |
31.99% |
-103886 |
-152756 |
-245428 |
|
DII |
0 |
0.00% |
-42613 |
-42613 |
-42613 |
|
FII |
22107 |
13.64% |
-139920 |
-162027 |
-179385 |
|
*Change from Previous Day |
|
|
|
|
|
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