Cues from the F&O market for today’s trade
5paisa Research Team
16th December 2022 - 01:05 pm
The Nifty50 last week ended on a very weak note. It was down by almost 400 points and lost 2.16% and was trading well below its recent high of 18600 level. Fresh put writing at 17500, as well as 18000, pushed the market down.
Put writing was seen at strike price 17,500 (25,253 contracts added on October 22), followed by 18,000 (21947 lakh contracts added on October 22), while there was put unwinding at strike price 18400 (4994 contracts shed), followed by 18,600 (2864 lakh contracts shed).
Total Put open interest of 77307 lakh contracts stood at strike price 17500, which will act as a crucial base for the market in the October series, followed by strike price 18000, which saw an accumulation of 72252 lakh contracts, while strike price 17,000 had 71,491 lakh contracts in open interest.
On the options front, maximum Put OI shifted to strike price 17500 while maximum Call OI remains intact at strike price 19,000. Call writing was seen at strike prices of 18300 and 18,200. Total open interest for the strike price of 18,300 and 18,200 stood at 128297 and 109825 respectively.
The maximum call open interest of 130140 contracts stood at strike price 19,000, which will act as key resistance for the index in the October series, followed by strike price 18,200 which has accumulated 128297 contracts.
The Nifty 50 (PCR) closed above 0.63. 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* |
Oct 22 2021 |
Oct 21 2021 |
Oct 20 2021 |
|
Client |
-17045 |
5.04% |
-355420 |
-338375 |
-289217 |
|
Pro |
10184 |
54.78% |
28774 |
18590 |
-2747 |
|
DII |
-8183 |
-10.61% |
68935 |
77118 |
80723 |
|
FII |
15044 |
6.20% |
257711 |
242667 |
211240 |
|
*Previous Day |
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|
|
|
|
|
|
Index Call Options |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Oct 22 2021 |
Oct 21 2021 |
Oct 20 2021 |
|
Client |
82659 |
-555.69% |
67784 |
-14875 |
107905 |
|
Pro |
-54808 |
60.37% |
-145593 |
-90785 |
-196871 |
|
DII |
0 |
0.00% |
401 |
401 |
401 |
|
FII |
80140 |
24.15% |
411980 |
331840 |
406647 |
|
*Previous Day |
|
|
|
|
|
|
|
Net Change in Open Interest |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Oct 22 2021 |
Oct 21 2021 |
Oct 20 2021 |
|
Client |
99704 |
30.82% |
423204 |
323500 |
397122 |
|
Pro |
-64992 |
59.42% |
-174367 |
-109375 |
-194124 |
|
DII |
8183 |
-10.67% |
-68534 |
-76717 |
-80322 |
|
FII |
-42896 |
31.22% |
-180303 |
-137407 |
-122675 |
|
*Previous Day |
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Tanushree Jaiswal