Nifty:
Max Put OI is at 19.6k PE and Call OI is at 19.8k CE. Any break of these levels could be important.
The was a massive addition of 19.6k PE yesterday, so it can be a strong support. Interestingly there was also a massive addition of 19.7k CE.
But the Put and Call OI at 19.7k is near equal, that could mean a lot of short straddles at 19.7k, or Puts sold are covered by selling 19.7k CE into short straddles.
Interestingly for the next week expiry, max OI in call is at 20k. So are we expecting a bullish move post expiry?
PCR is almost 1. So neutral.
Bank Nifty:
Max call OI is at 45k and put OI is at 44k.
Interestingly there was unwinding in Puts above 44.5k, despite the recovery in BankNifty. So this can be a subtle bearish sign.
PCR is at 0.8, mildly bearish. But when there isn't any big surprises in OI, surprising moves can happed. A close above 44.5k can be great.
Please note that this is subject to change in intraday and with the news flow
Max Put
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