Nifty – 16th May 2018

Nifty – 16th May 2018

On 16th May 2018 at the close of Market the PCR of Nifty was

4,21,11,000 Total May Month open interest of Nifty Put Options divided by 3,39,92,025Total May Month open interest of Nifty Call Options is 1.238
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 (55,33,650) making it a good Support level though open interest at this level reduced by 5,29,650 and 2nd highest in 10700 PE also saw open interest reducing by3,06,225 Nifty is falling and Decreasing PCR continuously from past two days indicates that puts are being squared off and Calls are being added

Call Options Open Interest still stands at 11000 CE (Highest Open Interest 60,91,875) maintaining from the beginning of May 2018 Series and 4,89,675 added in 10800 CE shifting the resistance to 10800

As per Data Received for Futures (16/05/2018)

Change in Stock OI :
Long Buildup:
ESC, BIL, PAG, CAFL, APNT, IRB, SRF, PTCIN, JI, MTCL, HEXW, HUVR
Short Buildup:
MUTH, TVSL, PNB, CIPLA, CIFC, BOB, SNDB, NJCC, PLNG, HNDL, MMFS
Short Covering:
PCJL, SIEM, BHE, RBK, JETIN, RECL, SRCM, LPC, HAVL, JPA, ARVND
Long Unwinding:
BPCL, ALBK, HDFCB, ANDB, WPL, OBC, ADSEZ, ONGC, LICHF, KMB, IOCL

** 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
Url : www.bktraining.com