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 - 04:51 pm 33.3k Views

Highest put option open interest contract was added at a strike price of 16300 for expiry on March 24.

Hawkish view of US Fed and rising crude oil prices have not deterred bulls in today’s trade and they made a swift recovery from day’s lows to close at the highest point of the day.

Nifty 50 opened at 17120.40 against the previous close of 17117.60. It rose 197.90 points or 1.16 per cent to close at 17,315.50. From its day’s low of 17006.3, it gained more than 300 points. Indian equity market remained one of the best performing equity indices globally. Hang Seng Index and NIKKEI 225 Index are equity indices that performed better than Nifty 50.

Activity on the F&O front for weekly expiry on March 24 shows 18000 to act as a strong resistance. Highest open interest contract of 147308 stood at this strike price. The second-highest call option open interest 112380 for Nifty 50 stood at a strike price of 17800. 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 44037 open interest was added at this strike price.

In terms of put activity, the highest put writing was seen at a strike price of 16300, where 67037 open interest was added today, followed by 17000 strike price where (43625) open interest was added. Highest total put open interest (97142) stood at a strike price of 16300. This is followed by a strike price of 17000, which saw a total put option open interest of 88122 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.76 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 24 stands at 17300.

Top five call and put open interest with their strike price

Strike Price  

Open Interest (Call)  











Strike Price  

Open Interest (Put)  











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
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 07, 2023
Spectrum Talent Management IPO GMP (Grey Market Premium)

The ₹105.14 crore IPO of Spectrum Talent Management IPO comprises entirely of a combination of a fresh issue of shares and an offer for sale (OFS) by promoters and early shareholders.

  • Jun 07, 2023
IKIO Lighting IPO GMP (Grey Market Premium)

IKIO Lighting IPO worth ₹607 crore comprises of an offer for sale and also of a fresh issue of shares. The offer for sale (OFS) component is by the promoters and early shareholders of the company.

  • Jun 07, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number