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Series Jun.16 Jul.16 Aug.16 Sep.16 Oct.16 Nov.16 Dec.16Average nifty 8188 8498 8632 8772 8667 8294 8117Average PCR 1.23 1.14 0.91 1.24 1.07 0.82 1.09Nifty Close 8288 8666 8592 8591 8615 7965 8104
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 :
(8400~8300) same as last week .
Open interest less than 2.7 Million (Approx.)(Total-OI) is uncolored.
Current strike of Nifty is at
8350 from 8400 .
White letters on Dark back ground indicate Options with Price less than Rs.10.
White letters on Grey back ground indicate Options with Price Between Rs.10~20. (if any)
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Up-coming important events ==========================HOLIDAYS========Thursday January 26, 2017 ...Republic day
The option chain of JAN.2017 based on last trading day's OI looked like this :