Futures and Options Market Watch: What does the Futures and Options Market suggest about trade on February 14?
The Nifty 50 put call ratio (PCR) closed at 0.81 for the day.
Nifty saw a long-buildup today, where price jumped by 0.55 per cent and OI increased by 3.58 per cent, as Nifty Bank created a significant long-buildup, soared by 1.28 per cent and OI increased by 5.18 per cent.
Nifty
Nifty Bank
The Nifty 50 put call ratio (PCR) closed at 0.81 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 February 15 stands at 21700.
Call Options Data
In the weekly options data analysis, the 22000 strike emerges as a significant resistance level for the Nifty in the short term, boasting the highest Call open interest at 1,81,850 contracts. This level is crucial for traders to monitor. Subsequently, the 22500 strike holds notable open interest with 1,32,756 contracts, while the 22200 strike follows closely with 1,17,488 contracts.
Observing Call writing activities, there is substantial activity at the 22150 strike, evidenced by the addition of 16,679 contracts. Additionally, the 22350 and 22050 strikes witness meaningful Call writing, accumulating 9,444 and 9,380 contracts, respectively. These levels suggest potential resistance zones.
On the other hand, notable Call unwinding is observed at the 22700 strike, shedding 30,611 contracts. The 21700 and 22650 strikes also experience significant Call unwinding, relinquishing 24,727 and 20,060 contracts, respectively. This unwinding could indicate a weakening of resistance at these levels.
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Put Options Data
In the options market for Nifty, notable open interest on the Put side is concentrated at the 21000 strike, making it a crucial support level, evidenced by 1,36,901 contracts. The subsequent significant support areas include the 21500 strike with 1,36,901 contracts and the 21600 strike with 92,366 contracts.
There was substantial Put writing at the 21500 strike, where 38,834 contracts were added. Additionally, meaningful Put writing activity was observed at the 21000 and 21600 strikes, contributing 29,769 and 29,716 contracts, respectively.
Conversely, Put unwinding took place at the 19500 strike, witnessing a reduction of 29,326 contracts. The 20800 strike and 21850 strike also experienced Put unwinding, 27,491 and 8,276 contracts, respectively.
Long build-up Stocks
Following scrips were among stocks that had a long build-up. A rise in open interest (OI) and price suggests a concentration of long holdings.
|
SYMBOL
|
PRICE
|
OI
|
PRICE Change
|
OI Change
|
|
OFSS
|
7707.80
|
9,37,600
|
6.92 per cent
|
6.47 per cent
|
|
BOSCHLTD
|
26905.05
|
2,06,150
|
6.88 per cent
|
17.23 per cent
|
|
COALINDIA
|
448.55
|
6,82,60,500
|
4.24 per cent
|
3.92 per cent
|
|
UPL
|
480.40
|
4,28,27,200
|
3.98 per cent
|
0.84 per cent
|
|
CHOLAFIN
|
1143.15
|
1,30,81,875
|
3.56 per cent
|
2.71 per cent
|
Short build-up Stocks
A short build-up was seen in these stocks. An increase in OI along with a fall in price points to a build-up of short positions.
|
SYMBOL
|
PRICE
|
OI
|
PRICE Change
|
OI Change
|
|
HINDALCO
|
511.15
|
4,25,46,000
|
-12.58 per cent
|
45.88 per cent
|
|
GRASIM
|
2068.00
|
86,98,572
|
-3.88 per cent
|
1.55 per cent
|
|
BHARATFORG
|
1090.95
|
96,84,000
|
-3.78 per cent
|
12.38 per cent
|
|
NATIONALUM
|
139.95
|
9,45,07,500
|
-1.96 per cent
|
5.28 per cent
|
|
MCX
|
3439.00
|
23,52,000
|
-1.93 per cent
|
15.88 per cent
|
Disclaimer: The article is for informational purposes only and not investment advice.