Nifty – 14th May 2018

Nifty – 14th May 2018

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

Short Buildup:
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

Short Covering:
INDIG, NITEC, PWGR, IGL, OBC, APTY, CLGT, SBIN, HMCL, MRCO, HPCL, BHFC, AJP, CGPOW, HEXW, MCX, GCPL, PNB, MRPL, KJC

Long Unwinding:
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.

**Disclaimer
I am giving the readings of Nifty  Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY

Jyoti Budhia (Technical Analysis & Options Trainer)
WhatsApp :9324473734
Email : jyoti@bktraining.in
Url : www.bktraining.com