Nifty, BankNifty Outlook or analysis based on option chain (Dec 11 24)
Funds Flow (Rs crore) Last closing
DII ** 605.79FII/FPI * 1,285.96
Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 0.86 on December 10, from 0.9 level in the previous session.The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.
India VIX
The India VIX, the fear indicator, declined by 2.34 percent to a level of 13.78.Nifty Call Options Data
According to the weekly options data, the maximum open interest was seen at the 25,000 strike (with 1.19 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,500 strike (1.14 crore contracts), and the 24,700 strike (1.12 crore contracts).Maximum Call writing was observed at the 24,600 strike, which saw an addition of 28.23 lakh contracts, followed by the 25,400 and 24,700 strikes, which added 18.21 lakh and 15.24 lakh contracts, respectively, while the maximum Call unwinding was seen at the 25,450 strike, which shed 4.02 lakh contracts, followed by the 25,550 and 24,000 strikes, which shed 3.98 lakh and 39,150 contracts, respectively.
Nifty Put Options Data
On the Put side, the 24,000 strike holds the maximum open interest (with 94.3 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 24,300 strike (67.86 lakh contracts), and the 24,500 strike (61.44 lakh contracts).The maximum Put writing was placed at the 24,300 strike, which saw an addition of 21.51 lakh contracts, followed by the 23,800, and 24,000 strikes, with 10 lakh, and 8.69 lakh contracts added, respectively, while the maximum Put unwinding was seen at the 24,700 strike which shed 6.84 lakh contracts, followed by the 25,000 and 24,850 strikes, which shed 96,550 and 70,650 contracts, respectively.
Key Levels For The Nifty 50
Resistance 24,663, 24,703, and 24,767Support 24,536, 24,496, and 24,432
Bank Nifty Call Options Data
According to the monthly options data, the maximum Call open interest was seen at the 54,000 strike, with 21.12 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,000 strike (18.84 lakh contracts) and the 53,000 strike (12.33 lakh contracts).Maximum Call writing was visible at the 54,000 strike (with the addition of 78,960 contracts), followed by the 53,700 strike (47,565 contracts) and the 54,900 strike (43,440 contracts), while the maximum Call unwinding was seen at the 55,000 strike, which shed 61,095 contracts, followed by the 53,800 and 52,500 strikes, which shed 52,620 and 24,645 contracts, respectively.
Bank Nifty Put Options Data
On the Put side, the 52,000 strike holds the maximum open interest (with 20.14 lakh contracts), which can act as a key support level for the index. This was followed by the 52,500 strike (16.48 lakh contracts) and the 53,500 strike (13.42 lakh contracts).The maximum Put writing was observed at the 52,000 strike (which added 1.28 lakh contracts), followed by the 53,500 strike (1.01 lakh contracts) and the 53,000 strike (95,310 contracts), while the maximum Put unwinding was seen at the 54,300 strike, which shed 1.05 lakh contracts, followed by the 53,800 and 55,000 strikes, which shed 12,585 and 6,360 contracts, respectively.
Key Levels For The Bank Nifty
Resistance 53,624, 53,700, and 53,823Support 53,379, 53,303, and 53,180
Disclosure: The information provided on this portal is for education purposes only. All Post and Level Posting is only for educational and knowledge purpose. We will not be responsible for any of your profit/loss with this website information. Consult your financial advisor before taking any decisions. This website neither advice nor do any endorsement.
Post Comment