Market watch: What does the Futures and Options market suggest about trade on June 21?

The Nifty 50 put call ratio (PCR) closed at 0.67 for the day.

After six days of continuous fall, the domestic equity market closed in the green in today’s trade. Nifty 50 opened at 15334.50 against the previous close of 15293.50, which means a gap up of 41.00 points. Swinging in between positive and negative for the better part of the day, it finally closed with a gain of 56.65 points or 0.37 per cent at 15350.15. In today’s trade, the best performing index was NIFTY FMCG, which was up by 1.80 per cent. This is followed by NIFTY FINANCIAL SERVICES, which was up by 0.96 per cent. The worst performing index in today's trade was NIFTY METAL. It is down by 3.90 per cent. Out of the total 15.0 companies forming part of the index, all closed in red. Nifty VIX dropped by 1.51 per cent in today’s trade to close at 22.41. 

Activity on the F&O front for weekly expiry on June 23 shows 16000 to act as a strong resistance now. The highest call open interest contract of 182106 stood at this strike price. The second-highest call option open interest 139109 for Nifty 50 stood at a strike price of 15500. In terms of the highest addition of open interest in the call options front, it was at 15500 in the last trading session. A total of 68056 open interest was added at this strike price.

In terms of put activity, the highest put writing was seen at a strike price of 15000, where 43055 open interest was added today, followed by 15200 strike price where (41660) open interest was added. The highest total put open interest (124684) stood at a strike price of 15000. This is followed by a strike price of 14500, which saw a total put option open interest of 106716 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.67 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 June 23 stands at 15400.

Top five call and put open interest with their strike price