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Series Apr.16 May.16 Jun.16 Jul.16 Aug.16 Sep.16 Oct.16
Average nifty ---- ---- 8188 8498 8632 8772 8667
Average PCR 1.05 0.89 1.23 1.14 0.91 1.24 1.07
Nifty Close 7847 8070 8288 8666 8592 8591 8615
Nifty
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Nifty is on Primary axis.
PCR (OI) & PCR (volume) are on Secondary axis.
AVG= Average of the current Series.
PCR
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Generally, a lower reading (0.6 approximately) of the ratio reflects a bullish sentiment among investors as they buy
more calls, anticipating an uptrend. Conversely, a higher reading (1.20 approximately) of the ratio indicates a bearish
sentiment in the market. However, the ratio is considered to be a contrarian indicator, so that an extreme
reading above 1.0 is actually a bullish signal, and vice versa.....wikipedia
VIX
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VIX has inverse relation to market.High value when market is down ,Low value when market is up.
Expected zone of NIFTY as per today's Open Interest is as follows is:
(8500~8350) down from previous week (8600~8400) .
open interest less than 2 Million (Approx.)(Total-OI) is uncoloured.
Current strike of Nifty is down at
8300 from 8450.
White letters on Dark back ground indicate Options with Price less than Rs.20.
White letters on Grey back ground indicate Options with Price Between Rs.20~30. (if any)
Open Interest (Today) over 5 Lakhs shown in WHITE letters with black background . (If any)
Open Interest (Today) less than -5 Lakhs is in WHITE letters with green background . (If any)
The bars in PRICE and IMP.VOL are plotted ,taking into account both CALL and PUT strikes.
5 CALL strikes and 7 PUT strikes are taken for study.
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Up-coming important events
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Nov.14 Mon Inflation
Nov.30 Wed GDP
HOLIDAYS
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Nov.14 Mon Guru Nanak Jayanthi
The option chain of NOV.2016 based on today's OI looked like this :
IIP:
Industrial output grew 0.7 per cent in September compared with the same period a year ago,
snapping a two-month contraction, government data showed.
The Index of Industrial Production contracted 0.7 per cent in August, and shrank 2.5 per cent in July.
The move back into growth territory was driven mainly by consumer goods, with consumer durables
especially seeing a strong turnaround.
Interpretation: (Personal view)
Negative:
1.Trump victory
2.Sentiment is weak.
Positive:
1.Good IIP numbers
2.Cooling of oil prices.