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 11, 2022 - 02:35 pm 38.7k Views
Listen icon

Highest put option open interest contract was added at a strike price of 17000 for expiry on February 10.

After rising for three days in a row by more than 200 points, the Indian equity market finally closed in red with a loss of 220 points. Nifty closed at 17,560 down by 1.24% from yesterday’s close. Nifty 50 opened marginally lower, however, continued to drift downward for the entire trading day. Most of the sectoral indices closed in red in today’s trade and the breadth of the trade was in favour of declines. For every 126 companies whose share advanced in today’s trade, 276 companies saw their share price declining. The worst performing sector was once again IT, which declined due to bad results posted by Meta. Nifty Auto was the best performing sector in today’s trade.

Activity on the F&O front for weekly expiry on February 10 shows 18500 to act as a strong resistance now. Highest open interest contract of 71862 stood at this strike price. The second-highest call option open interest 65537 for Nifty 50 stood at a strike price of 18000. In terms of the highest addition of open interest in the call options front, it was at 18500 in the last trading session. A total of 52173 open interest was added at this strike price.

In terms of put activity, the highest put writing was seen at a strike price of 17000, where 24879 open interest was added today, followed by 16000 where (22891) open interest was added. Highest total put open interest (42038) stood at a strike price of 17000. This is followed by a strike price of 17500, which saw a total put option open interest of 38818 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.62 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 stands at 17600.

Strike Price  

Open Interest (Call)  











Strike Price  

Open Interest (Put)  











Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Paytm Share Price Surge 5% After Discontinuing Inter Company Pacts with PPBL

At 2.25 pm today, shares of One97 Communications the parent company of the renowned Paytm brand surged by 5% reaching ₹423.45.

NTPC Enters JV Agreement with Maharashtra State Power Generation

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO) to lead the development of renewable energy parks in Maharashtra.

Happiest Minds Partners with Secureworks for Advanced XDR Services

Happiest Minds Technologies has recently announced its collaboration with the Secureworks Global MSSP Partner program to address the escalating need for Extended Detection and Response (XDR) services worldwide.