Market watch: What does the Futures and Options market suggest about trade on June 15?

The Nifty 50 put call ratio (PCR) closed at 0.55 for the day.

Indian equity market extended its losing streak to the third day in a row. This is on the back of weak global cues ahead of US Fed policy meeting outcome. Nifty 50 opened at 15674.25 against the previous close of 15774.40, which means a gap down of 100.15 points. It finally closed with a cut of 42.3 points or 0.27 per cent at 15732.1. In today’s trade the best performing index was NIFTY REALTY it was up by 0.81 per cent. This is followed by NIFTY METAL, which was up by 0.037 per cent. The worst performing index in today's trade was NIFTY OIL & GAS. It is down by 1.21 per cent. Out of the total 15.0 companies forming part of the index, 9.0 companies closed in red. Despite, the falling market, Nifty VIX closed at 21.88 with a cut of 2.13 per cent.

Activity on the F&O front for weekly expiry on June 16 shows 16500 to act as a strong resistance now. The highest call open interest contract of 174125 stood at this strike price. The second-highest call option open interest 171584 for Nifty 50 stood at a strike price of 16300. In terms of the highest addition of open interest in the call options front, it was at 16300 in the last trading session. A total of 32825 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 31602 open interest was added today, followed by 15200 strike price where (19274) open interest was added. The highest total put open interest (133707) stood at a strike price of 15000. This is followed by a strike price of 15500, which saw a total put option open interest of 92059 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.55 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 16 stands at 15800.

Top five call and put open interest with their strike price