Nifty – 14th May 2018Jyoti Budhia
On 14th May 2018 at the close of Market the PCR of Nifty was
4,74,24,600 Total May Month open interest of Nifty Put Options divided by 3,40,99.050 Total May Month open interest of Nifty Call Options is 1.39
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Open Interest increased in every Strike Price 10500 PE (Highest Open Interest 66,77,700) making it a good Support level and highest additions again (6,33,975) being built up in 10700 PE showing support being built at this level.
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 61,46,100 ) maintaining from the beginning of May 2018 Series.
15th May expected to be Volatile due to Karnataka Elections Results
As per Data Received for Futures (14/05/2018)
Change in Stock OI :
Long Buildup :
SUNTV, CBK, GAIL, UNBK, BIOS, CIPLA, APNT, BHAFI, HDFC, SIB
TGBL, ESC, AL, PIDI, ADSEZ, PCJL, IOCL, PTCIN, OFSS, JUST, ACC, RELI, SHTF, TTMT, DIVI, POWF, VOLT, UNSP, GNP, RCAPT, IDFCB, Z, MAXF, STR, BHEL, APHS, DLFU, CAFL
INDIG, NITEC, PWGR, IGL, OBC, APTY, CLGT, SBIN, HMCL, MRCO, HPCL, BHFC, AJP, CGPOW, HEXW, MCX, GCPL, PNB, MRPL, KJC
INBK, FB, SRF, EXID, BOS, RCOM, HNDL, TTCH, GDSP, SUEL, VGRD, UJJIV, GRASI, HCC, LT, ADANI, BATA, KPIT, KKC
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.