Outlook/Nifty/BankNifty/Nov2924
Funds Flow (Rs crore) Last closing
DII ** 8,718.30FII/FPI * -11,756.25
Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 0.95 on November 28, from 1.12 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 gauge, climbed to 15.2, up 3.97 percent from 14.63, which caused discomfort for the bulls. For the bulls to regain confidence, the VIX needs to fall and sustain below the 12–13 zone.Nifty Call Options Data
According to the weekly options data, the maximum open interest was seen at the 25,000 strike (with 63.65 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,500 strike (62.44 lakh contracts), and the 24,300 strike (50.54 lakh contracts).Maximum Call writing was observed at the 25,000 strike, which saw an addition of 38.25 lakh contracts, followed by the 24,500 and 24,000 strikes, which added 37.2 lakh and 33.59 lakh contracts, respectively, while there was hardly any maximum Call unwinding seen.
Nifty Put Options Data
On the Put side, the 23,500 strike holds the maximum open interest (with 54.05 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 23,000 strike (49.39 lakh contracts), and the 24,000 strike (40.82 lakh contracts).The maximum Put writing was placed at the 23,000 strike, which saw an addition of 29.49 lakh contracts, followed by the 24,000, and 23,300 strikes, with 23.64 lakh, and 20.4 lakh contracts added, respectively, while the maximum Put unwinding was seen at the 24,350 strike, which shed 59,025 contracts, followed by the 24,450 and 24,550 strikes which shed 9,150 and 7,950 contracts, respectively.
Key Levels For The Nifty 50
Resistance 24,225, 24,336, and 24,517Support 23,864, 23,752, and 23,572
Bank Nifty Call Options Data
According to the monthly options data, the maximum Call open interest was seen at the 54,000 strike, with 13.74 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 53,000 strike (12.27 lakh contracts) and the 52,500 strike (9.24 lakh contracts).Maximum Call writing was visible at the 53,000 strike (with the addition of 3.89 lakh contracts), followed by the 54,000 strike (3.06 lakh contracts) and the 52,500 strike (1.62 lakh contracts), while the maximum Call unwinding was seen at the 51,000 strike, which shed 16,890 contracts, followed by the 50,500 and 50,000 strikes, which shed 5,715 and 4,125 contracts, respectively.
Bank Nifty Put Options Data
On the Put side, the 52,000 strike holds the maximum open interest (with 9.35 lakh contracts), which can act as a key support level for the index. This was followed by the 50,000 strike (9.36 lakh contracts) and the 51,000 strike (7.9 lakh contracts).The maximum Put writing was observed at the 52,500 strike (which added 1.87 lakh contracts), followed by the 53,000 strike (1.82 lakh contracts) and the 51,500 strike (1.5 lakh contracts), while there was hardly any Put unwinding seen.
Key Levels For The Bank Nifty
Resistance 52,523, 52,754, and 53,127Support 51,777, 51,546, and 51,173
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