F&O Cues: Key support & resistance levels for Nifty 50
5paisa Research Team
Last Updated: 11th December 2022 - 03:48 am
Highest put option open interest contract was added at a strike price of 16700 for expiry tomorrow.
Once again domestic equity market could not build on a positive start. In a very volatile trading session, the Nifty 50 closed in red. Though it opened at 17405.05 against the previous close of 17315.50, it closed with a loss of 69.85 points or 0.4% at 17245.65.
Globally Indian equity market remained one of the worst-performing equity markets and the only major market in Asia to give negative returns. Higher commodity prices, hawkish US Fed and no respite from the war between Russia and Ukraine is forcing investors to be fence sitter.
Activity on the F&O front for weekly expiry tomorrow shows highest open interest contract of 172784 stood at strike price of 18000. The second-highest call option open interest 171547 for Nifty 50 stood at a strike price of 17500. In terms of the highest addition of open interest in the call options front, it was at 17500 in the last trading session. A total of 72336 open interest was added at this strike price.
In terms of put activity, the highest put writing was seen at a strike price of 16700, where 30864 open interest was added today, followed by 17150 strike price where (11042) open interest was added. The highest total put open interest (84619) stood at a strike price of 16500. This is followed by a strike price of 17000, which saw a total put option open interest of 76986 contracts.
The Nifty 50 put-call ratio (PCR) closed at 0.55 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 tomorrow stands at 17300.
Top five call and put open interest with their strike price
|
Strike Price |
Open Interest (Call) |
|
18000 |
172784 |
|
17500 |
171547 |
|
17600 |
147427 |
|
17900 |
123871 |
|
17400 |
122351 |
|
Strike Price |
Open Interest (Put) |
|
16500 |
84619 |
|
17000 |
76986 |
|
16700 |
75618 |
|
16800 |
71163 |
|
17300 |
58987 |
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