Nifty – 18th May 2018

Nifty – 18th May 2018

3,89,52,000 Total May Month open interest of Nifty Put Options divided by 3,75,36,775 Total May Month open interest of Nifty Call Options is 1.04. At 10929 PCR was approx 1.52 and today at 1.04 with Current Nifty at 10596.40

Indication of Puts have been squared off and call have started adding shorts and Nifty found difficult to cross 11000 where highest OI of Calls were Outstanding (PCR falling and near 1 [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 (53,76,,675) making it a good Support and 2nd highest now is at 10300 PE – OTM (3,46,200) Nifty is falling and Decreasing PCR continuously from past few 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 58,49,259)) maintaining from the beginning of May 2018 Series followed by 10800 CE

As per Data Received for Futures (18/05/2018)

Change in Stock OI :

Long Buildup:
CLGT, UBBL, BIOS, KMB, BRCM, JUBI, TECHM, HUVR, IIB, BJFIN, DITV

Short Buildup:
SRF, VGRD, STR, ESC, ARVND, BJAUT, ALBK, VOLT, UNSP, COAL, AL, CDH, PVRL, AJP, LT, CAFL, APHS, BOB, HPCL, VEDL, RIL, IHFL, OBC, CESC, HDFC, CIPLA, ARBP, ACC

Short Covering:
BAF, CCRI, BRGR, TTAN, TRCL, GCPL

Long Unwinding:
BIL, INBK, RNAVA, MRPL, GRAN, JUST, PLNG, PAG, RCAPT, PTCIN, EXID, SRCM, RELI, MUTH, HNDL, HMCL, SUNTV, WPL, RCOM, BATA, RBK, BHE, BHIN, NMDC, FB

** 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