Market watch: What does the F&O market suggest about trade on February 9?

Market watch: What does the F&O market suggest about trade on February 9?

Shashikant Singh
/ Categories: Trending, Mindshare

The Nifty 50 put call ratio (PCR) closed at 0.54 for the day.

The Indian equity market snapped three days of continuous fall and Nifty 50 closed with a gain of 0.31 per cent or 53.15 points. Broader market underperformed with Nifty midcap 100 down 0.7 per cent while Nifty smallcap 100 down 1.7 per cent. Global markets are waiting for US inflation data, which will determine the Fed’s monetary policy trajectory. Investors seem to ignore the US adding a further 33 Chinese entities to its export control list. Nifty VIX once again went back below 20 in today’s trade.  

Activity on the F&O front for weekly expiry on February 10 shows 17500 to act as a strong resistance now. Highest open interest contract of 165253 stood at this strike price. The second-highest call option open interest 145304 for Nifty 50 stood at a strike price of 17800. In terms of the highest addition of open interest in the call options front, it was at 17300 in the last trading session. A total of 45112 open interest was added at this strike price.  

In terms of put activity, the highest put writing was seen at a strike price of 16500, where 26465 open interest was added today followed by 17200 where (25536) open interest was added. Highest total put open interest (100627) 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 89753 contracts. 

The Nifty 50 put call ratio (PCR) closed at 0.54 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 stands at 17300. 

Strike Price

Open Interest (Call)

17500

165253

17800

145304

18000

139448

17600

135983

17700

121990

Strike Price

Open Interest (Put)

17000

100627

16500

89753

17200

75329

17100

61186

16800

60419

Previous Article BSE declares solid Q3 results for FY22 ; announces 2:1 bonus equity shares
Next Article Overnight Digest: These small caps will be in focus tomorrow
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR