Market watch: What does the F&O market suggest about trade on Mar-25?

The Nifty 50 put call ratio (PCR) closed at 0.96 for the day.

Indian stocks end lower on back of hawkish Fed and continued geopolitical tension. The market also opened in red in today’s trade. In a volatile trading session, Nifty 50 closed with a loss of 22.9 points or 0.13 per cent at 17222.75. It was banking stocks that dragged the frontline indices in today’s trade. Private banking major such as Kotak Mahindra Bank, ICICI Bank and HDFC Bank pulled the indices down. Whereas IT names like TCS and Infosys supported the market. Nifty VIX opened at 24.75 and closed at 23.93 with a loss of 3.3 per cent.
 

Activity on the F&O front for weekly expiry on 31-Mar-2022 shows 18000 to act as a strong resistance now. Highest open interest contract of 111034.0 stood at this strike price. The second-highest call option open interest 104531.0 for Nifty 50 stood at a strike price of 18500. 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 60616 open interest was added at this strike price.
 

In terms of put activity, the highest put writing was seen at a strike price of 17200, where  31316 open interest added on 24-Mar-2022, followed by 15500 strike price  where (21514) open interest added on 24-Mar-2022. Highest total put open interest (109030.0) stood at a strike price of 16000. This is followed by a strike price of 17000, which saw a total put option open interest of 87473.0 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.96 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 for weekly expiry on 31-Mar-2022 stands at 17100
 

Top five call and put open interest with their strike price