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: Mar 30, 2022, 05:34 PM IST

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

Falling crude oil prices and progress in talk between Russia and Ukraine have helped Indian equity markets to gain for the third day in a row. Nifty 50 opened at 17468.15 against the previous close of 17325.30 and maintained that entire day with minor blips in between. It closed with a gain of 172.95 points or 1% at 17498.25. Indian equity market remained one of the best performers globally. Asian markets closed with gains, however, European markets are currently trading with a cut of around 1%.

 Activity on the F&O front for weekly expiry tomorrow shows highest call open interest contract of 203609.0 stood at an 18000 strike price. The second-highest call option open interest of 123446.5 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 17600 in the last trading session. A total of 20567 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 88310 open interest was added today, followed by 17400 strike price where (74852) open interest was added. Highest total put open interest (131904.0) 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 121207.0 contracts.

The Nifty 50 put call ratio (PCR) closed at 1.11 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 17400.

Top five call and put open interest with their strike price  

Strike Price  

Open Interest (Call)  

18000.0  

203609.0  

17500.0  

123446.5  

17800.0  

118747.0  

18500.0  

91535.0  

17900.0  

84782.0  

Strike Price  

Open Interest (Put)  

17000.0  

131904.0  

16500.0  

121207.0  

17200.0  

116688.0  

17500.0  

114754.0  

17400.0  

98008.0 

SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)
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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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