F&O Cues: Key support & resistance levels for Nifty 50
Last Updated: 25th February 2022 - 07:25 pm
Highest put option open interest contract was added at a strike price of 17000 for expiry on March 3.
After a gap of seven days Nifty 50 finally closed in green. It opened with a gap up of 267.7 points in today's trade and continued to build on that. In the end, Nifty 50 closed above 16600 at 16658.4 with a gain of 410.4 points or 2.53%. Metal and Realty names were the top gainers in today’s trade. India remained the best-performing equity index in Asia and though European markets are trading in green currently, they have gained lower than the Nifty 50. However, Nifty 50 lost 3.58% in the week.
Activity on the F&O front for weekly expiry on March 3 shows lower volumes and not much activity. Highest open interest contract of 21113 for Nifty 50 stood at a strike price of 18000. The second-highest call option open interest 19873 for Nifty 50 stood at a strike price of 17200. In terms of the highest addition of open interest in the call options front, it was at 17200 in the last trading session. A total of 11897 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 15486 open interest was added today, followed by 17200 where (8989) open interest was added. Highest total put open interest (27088) stood at a strike price of 17000. This is followed by a strike price of 16500, which saw a total put option open interest of 15691 contracts.
The Nifty 50 put call ratio (PCR) closed at 0.79 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 for weekly expiry on March 3 stands at 17150.
Top five call and put open interest with their strike price
Strike Price
Open Interest (Call)
18000
21113
17200
19873
17500
19020
17300
15599
17900
13220
Strike Price
Open Interest (Put)
17000
27088
16500
15691
16000
15010
17100
13050
17200
12426
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