F&O Cues: Key support & resistance levels for Nifty 50
5paisa Research Team
15th December 2021 - 05:35 pm
Highest put option open interest contract was added at a strike price of 17200 for tomorrow’s weekly expiry.
The Indian equity market gave a fourth consecutive day of negative close and in the process is down by 2.4% in the last few trading sessions. In today’s trade Nifty opened flat, however, soon slipped into the red to breach 17,200 level. Profit booking was witnessed at a higher level and finally Nifty was down 0.60% or 103.5 points at 17221. It was only the Auto sector that closed in green and the rest all the indices closed in red. The worst performing index remained Nifty Realty, which fell by 2.15%. India VIX inched up by 1.47 %.
Activity on the F&O front for weekly expiry on December 16 shows 17500 to act as a strong resistance now. Highest open interest contract of 162153 stood at this strike price. The second-highest call option open interest 154082 for Nifty 50 stood at a strike price of 17600. In terms of the highest addition of open interest in the call options front, it was at 17300 in the last trading session. A total of 78022 open interest was added at this strike price.
In terms of put activity, the highest put writing was seen at a strike price of 17100 (20851 open interest added on 2021-12-15 ), followed by 17200 (15139 open interest added on 2021-12-15). Highest total put open interest (90893) stood at a strike price of 17000. This is followed by a strike price of 17200, which saw a total put option open interest of 79454 contracts.
The Nifty 50 put call ratio (PCR) closed at 0.51 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 stand at 17300
|
Strike Price |
Open Interest (Call) |
|
17500 |
162153 |
|
17600 |
154082 |
|
17300 |
131112 |
|
18000 |
130484 |
|
17400 |
127684 |
|
Strike Price |
Open Interest (Put) |
|
17000 |
90893 |
|
17200 |
79454 |
|
16800 |
66288 |
|
16900 |
64595 |
|
17100 |
61478 |
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Tanushree Jaiswal
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