High put option open interest build up of around 7.4 mn and 10.6 mn is seen at 5500 and 5400 strikes respectively, indicating that they will act as strong supports.
High call option open interest build up of around 6.5 mn and 4.2 mn is seen at 5700 and 5800 strikes respectively, indicating that they will act as strong resistances.
Nifty is trading at a premium of 26-27 points as compared to a premium of 13-14 points as of the previous trading week.
The PCR for Nifty based on open interest was up at 1.52 as compared to 1.14 as of the previous trading week.
The PCR for Nifty based on Volumes was up at 1.08 as compared to 0.92 as of the previous trading week.
Nifty Futures open interest saw a decrease of around 0.51%. In Index Futures, FII’s were net buyers to the tune of Rs. 2102 crore with an open interest increase of around Rs. 480 crore as compared to net selling of Rs. 313 crore with an open interest increase of around Rs. 1121 crore as of the previous trading week.
Long build up was seen in Auto, Banking, Cement, FMCG, Metals, Textiles, IT, Telecom, Capital Goods, Pharma, Power, Chemicals & Fertilizers, Infra, Media, Shipping and Real Estate.
Short Covering was seen in Oil & Gas, Finance and Sugar.
For details, Read reports from ICICI SECURITIES, ADITYA BIRLA MONEY.
