F&O Cues: Key support & resistance levels for Nifty 50

F&O Cues: Key support & resistance levels for Nifty 50

by 5paisa Research Team Last Updated: Dec 15, 2021, 05:35 PM IST

Highest put option open interest contract was added at a strike price of 17200 for tomorrow’s weekly expiry. 

The Indian equity market gave a fourth consecutive day of negative close and in the process is down by 2.4% in the last few trading sessions. In today’s trade Nifty opened flat, however, soon slipped into the red to breach 17,200 level. Profit booking was witnessed at a higher level and finally Nifty was down 0.60% or 103.5 points at 17221. It was only the Auto sector that closed in green and the rest all the indices closed in red. The worst performing index remained Nifty Realty, which fell by 2.15%. India VIX inched up by 1.47 %.

Activity on the F&O front for weekly expiry on December 16 shows 17500 to act as a strong resistance now. Highest open interest contract of 162153 stood at this strike price. The second-highest call option open interest 154082 for Nifty 50 stood at a strike price of 17600. In terms of the highest addition of open interest in the call options front, it was at 17300 in the last trading session. A total of 78022 open interest was added at this strike price.

In terms of put activity, the highest put writing was seen at a strike price of 17100 (20851 open interest added on 2021-12-15 ), followed by 17200 (15139 open interest added on 2021-12-15). Highest total put open interest (90893) stood at a strike price of 17000. This is followed by a strike price of 17200, which saw a total put option open interest of 79454 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.51 for the day. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Max pain at the end of today's trade stand at 17300

Strike Price  

Open Interest (Call)  

17500  

162153  

17600  

154082  

17300  

131112  

18000  

130484  

17400  

127684  

Strike Price  

Open Interest (Put)  

17000  

90893  

17200  

79454  

16800  

66288  

16900  

64595  

17100  

61478  

SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)
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SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)

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