F&O Cues: Key support and resistance levels for Nifty 50
5paisa Research Team
4th April 2022 - 12:45 pm
The level of 18,000 will act as key support while 18,500 will be strong resistance.
After forming a base on Monday’s trade and arresting its fall, the frontline equity indices finally saw gains in yesterday’s trade. Though the session remained volatile, at one point in time Nifty 50 was trading in red, but by the end of the trading session, it closed in green and gained 0.8 %.
Such a reversal in the trading led to heavy call unwinding at 18,200 strike price and 42793 calls were shed at that price. In terms of overall open interest, maximum open interest stood at a strike price of 18,500, which will act as a strong resistance. Total call open interest of 1,25,093 contracts stood at a strike price of 18,500. Call writing was seen at 18,600 and 18,650. Total open interest at the strike price of 18,600 stood at 86,397.
The highest put writing was seen at strike price 18200 (25,872 contracts added on October 26), followed by 18,300 (19,750 contracts added on October 26), while there was put unwinding at strike price 17,000 (12476 contracts shed), followed by 17,500 (8541 contracts shed).
Highest total put open interest of 86,972 contracts stood at a strike price of 18,000, which will act as strong support for the market in near future. This is followed by strike price 18200, which saw a total put option of 81,571 contracts, while strike price 17,500 has 70,263 contracts in open interest.
The Nifty 50 put call ratio (PCR) closed at 0.81. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.
Following table shows the participant wise action of key players on the index options front.
|
|
Index Put Options |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Oct 26 2021 |
Oct 25 2021 |
Oct 22 2021 |
|
Client |
24842 |
-8.67% |
-261825 |
-286667 |
-355420 |
|
Pro |
-17630 |
50.24% |
-52725 |
-35095 |
28774 |
|
DII |
0 |
0.00% |
64190 |
64190 |
68935 |
|
FII |
-7212 |
-2.80% |
250360 |
257572 |
257711 |
|
*Change from Previous Day |
|
|
|
|
|
|
|
Index Call Options |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Oct 26 2021 |
Oct 25 2021 |
Oct 22 2021 |
|
Client |
-91087 |
-90.39% |
9682 |
100769 |
67784 |
|
Pro |
81888 |
-42.83% |
-109292 |
-191180 |
-145593 |
|
DII |
0 |
0.00% |
401 |
401 |
401 |
|
FII |
9200 |
10.22% |
99210 |
90010 |
77408 |
|
*Change from Previous Day |
|
|
|
|
|
|
|
Net Change in Open Interest |
||||
|
Client Type |
Change of OI* |
% Change of OI* |
Oct 26 2021 |
Oct 25 2021 |
Oct 22 2021 |
|
Client |
-115929 |
-29.92% |
271507 |
387436 |
423204 |
|
Pro |
99518 |
-63.76% |
-56567 |
-156085 |
-174367 |
|
DII |
0 |
0.00% |
-63789 |
-63789 |
-68534 |
|
FII |
16412 |
-9.79% |
-151150 |
-167562 |
-180303 |
|
*Change from Previous Day |
|
|
|
|
|
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Tanushree Jaiswal
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