Cues from the F&O market for today’s trade

Cues from the F&O market for today’s trade

by 5paisa Research Team Last Updated: Apr 04, 2022, 12:26 PM IST

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  

   

   

   

   

   

 

   

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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