Outlook/Study/Nifty/BankNifty
Funds Flow (Rs crore) Last closing
DII ** 1,301.97
FII/FPI * 7.78
Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 1.12 on November 27, from 1.04 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 index, declined by 4.44 percent to the 14.63 level.
Nifty Call Options Data
According to the monthly options data, the 25,000 strike holds the maximum open interest (with 1.21 crore 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 (98.46 lakh contracts), and the 24,300 strike (74.92 lakh contracts).
Maximum Call writing was observed at the 24,600 strike, which saw an addition of 11.23 lakh contracts, followed by the 24,800 and 24,550 strikes, which added 8.33 lakh and 7.17 lakh contracts, respectively, while the maximum Call unwinding was seen at the 24,200 strike, which shed 11.69 lakh contracts, followed by the 24,900 and 24,000 strikes, which shed 8.52 lakh and 6.09 lakh contracts, respectively.
Nifty Put Options Data
On the Put side, the maximum open interest was seen at the 24,000 strike (with 95.45 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 23,500 strike (95.09 lakh contracts), and the 24,200 strike (70.73 lakh contracts).
The maximum Put writing was placed at the 24,000 strike, which saw an addition of 30.6 lakh contracts, followed by the 24,200, and 24,100 strikes, with 26.4 lakh, and 16.66 lakh contracts added, respectively, while the maximum Put unwinding was seen at the 24,800 strike, which shed 2.15 lakh contracts, followed by the 24,900 and 23,450 strikes which shed 1.88 lakh and 1.49 lakh contracts, respectively.
Key Levels For The Nifty 50
Resistance 24,338, 24,388, and 24,467
Support 24,179, 24,129, and 24,050
Bank Nifty Call Options Data
According to the monthly options data, the 54,000 strike holds the maximum Call open interest, with 10.67 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 (8.38 lakh contracts) and the 52,500 strike (7.62 lakh contracts).
Maximum Call writing was visible at the 54,000 strike (with the addition of 5.61 lakh contracts), followed by the 52,500 strike (4.23 lakh contracts) and the 53,000 strike (3.37 lakh contracts), while the maximum Call unwinding was seen at the 51,500 strike, which shed 30,240 contracts, followed by the 50,500 and 51,200 strikes, which shed 3,165 and 885 contracts, respectively.
Bank Nifty Put Options Data
On the Put side, the maximum open interest was seen at the 52,000 strike (with 8.47 lakh contracts), which can act as a key support level for the index. This was followed by the 51,000 strike (7.73 lakh contracts) and the 50,500 strike (7.16 lakh contracts).
The maximum Put writing was observed at the 50,500 strike (which added 5 lakh contracts), followed by the 52,500 strike (3.32 lakh contracts) and the 52,000 strike (3.14 lakh contracts), while there was hardly any Put unwinding seen.
Key Levels For The Bank Nifty
Resistance 52,418, 52,518, and 52,680
Support 52,093, 51,993, and 51,830
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