Market watch: What does the Futures and Options market suggest about trade on June 23?

The Nifty 50 put call ratio (PCR) closed at 0.65 for the day.

After registering gains for two days, equity indices slipped into the negative territory in today's trade. Nifty 50 opened at 15545.65 against the previous close of 15638.80, which means a gap down of 93.15 points. It continued with this fall for the entire day, which accentuated further. It closed with a cut of 225.5 points or 1.44 per cent at 15413.3. All sectoral indices closed in red in today's trade against all sectoral indices closing in green in yesterday's trade. Even the best performing index NIFTY PSU BANK was down by 0.05 per cent. This is followed by NIFTY AUTO, which was also down by 0.85 per cent. The worst performing index in today's trade was NIFTY METAL. It is down by 4.87 per cent. Out of total the 15.0 companies forming part of the index, all closed in red. Nifty VIX opened at 21.14 and closed at 21.3 with a gain of 0.74 per cent.

Activity on the F&O front for weekly expiry tomorrow shows 15700 to act as a strong resistance now. The highest call open interest contract of 195790 stood at this strike price. The second-highest call option open interest 194318 for Nifty 50 stood at a strike price of 16000. 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 117934 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 24860 open interest was added today, followed by 15400 strike price where (17914) open interest was added. The highest total put open interest (156387) stood at a strike price of 15000. This is followed by a strike price of 15200, which saw a total put option open interest of 106020 contracts.

The Nifty 50 put call ratio (PCR) closed at 0.65 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 tomorrow stands at 15450.

Top five call and put open interest with their strike price