Market watch: What does the F&O market suggest about trade on January 12?

Market watch: What does the F&O market suggest about trade on January 12?

Shashikant Singh
/ Categories: Trending, Mindshare

Max pain at the end of today's trade stands at 18000.

The bulls continue to hold a tight grip on the market now. Nifty 50 for the second day in a row has closed above the 18000 level. Though the global set-up was not very encouraging, Nifty 50 continued with its gain for the third straight day. It closed with a gain of 0.29 per cent at 18055.57. Nifty VIX continues to hover around the 18 mark and even today closed with a gain of 0.45 per cent. Hence, for the next couple of days, we may see higher volatility.   

 

Activity on the F&O front for weekly expiry on January 13 shows 18500 to act as a strong resistance now. Highest open interest contract of 107877 stood at this strike price. The second-highest call option open interest 101383 for Nifty 50 stood at a strike price of 18400. In terms of the highest addition of open interest in the call options front, it was at 18500 in the last trading session. A total of 106754 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 (96159) open interest added on (11-Jan-2022), followed by 17800 where (94574) open interest added on January 11. Highest total put open interest (96759) stood at a strike price of 17500. This is followed by a strike price of 17800, which saw a total put option open interest of 94641 contracts. 

 

The Nifty 50 put call ratio (PCR) closed at 1.15 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 18000. 

Strike Price 

Open Interest (Call) 

18500 

107877 

18400 

101383 

18200 

85548 

18300 

81729 

18100 

80514 

Strike Price 

Open Interest (Put) 

17500 

96759 

17800 

94641 

17900 

86285 

18000 

83427 

17400 

73371 

 

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