Nifty-15th May 2018

Nifty-15th May 2018

On 15th May 2018 at the close of Market the PCR of Nifty was

4,44,93,730 Total May Month open interest of Nifty Put Options divided by 3,37,51.125 Total May Month open interest of Nifty Call Options is 1.318
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 Highest Open Interest still stands at Strike Price 10500 PE (60,63,300) making it a good Support level though open interest at this level reduced by 6,14,400 and 2nd highest in 10700 PE also saw open interest reducing by 3.11.025 and today’s open interest was seen built up in 10800 PE by 8.50.750 (29,75,775) showing support being built slowly at this level.

Nifty Respected its 11000 CE highest open interest by making Intraday High of 10947.90 in Futures and Reversed from there. Call Options Open Interest still stands at 11000 CE (Highest Open Interest 63,73,500 ) maintaining from the beginning of May 2018 Series.

As per Data Received for Futures (15/05/2018)

Change in Stock OI :

Long Buildup:
BHAFI, BAF, UBBL, VOLT, TATA, IIB, PTCIN, HDFC, TECHM, BIOS

Short Buildup:
PCJL, ACC, ALBK, PIDI, NJCC, CIPLA, AL, TTMT/A, OFSS, TGBL, IHFL, BHE, TTMT, CAFL, BRCM, KBL, NHPC, DIVI, AJP, VEDL, MMFS, PLNG, DITV, BJAUT, ACEM

Short Covering:
SIEM, SRCM, CLGT, SRF, BRGR, GCPL, CIFC, SHTF, GRAN, HNDL, APTY, TTAN, TCS, GNP, BPCL, ONGC, HAVL, BJFIN, HDFCB, HPCL

Long Unwinding:
PAG, UJJIV, NITEC, KJC, RNAVA, BATA, JETIN, FB, NEST, EXID, LT, OBC, ARVND, MRCO, LTFH, JSP, AMRJ, INBK, TCOM, JPA

** 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)

Whats App :9324473734
Email : jyoti@bktraining.in
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