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 13, 2022 - 09:31 am 38.4k Views
Listen icon

Highest put option open interest contract was added at a strike price of 17500 for expiry on February 10.

The Indian equity market ended the week with a gain of 2.4% after closing with a loss in the earlier two weeks. Nevertheless, bears dominated the market in the last two trading sessions. After falling by more than 200 points in yesterday’s trade, Nifty 50 fell by 43.9 points even today and closed 17,516.3. Nifty Realty and Nifty PSU Banks were the worst performers while Nifty Metal and Nifty FMCG gained today. Volatility defined today’s trade as Nifty 50 kept on swinging between positive and negative for the entire session.

Activity on the F&O front for weekly expiry on February 10 shows 17800 to act as a strong resistance now. Highest open interest contract of 118038 stood at this strike price. The second-highest call option open interest 111895 for Nifty 50 stood at a strike price of 18500. In terms of the highest addition of open interest in the call options front, it was at 17800 in the last trading session. A total of 59331 open interest was added at this strike price.

In terms of put activity, the highest put writing was seen at a strike price of 17500, where 26174 open interest was added today, followed by 17400 where (24896) open interest was added. Highest total put open interest (63864) stood at a strike price of 17500. This is followed by a strike price of 17000, which saw a total put option open interest of 52793 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.57 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 17550.

Strike Price  

Open Interest (Call)  

17800  

118038  

18500  

111895  

18000  

110790  

17600  

77333  

18400  

71113  

Strike Price  

Open Interest (Put)  

17500  

63864  

17000  

52793  

16500  

48620  

17400  

44479  

16000  

42056 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

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


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.