F&O Check: Nifty PCR shoots to 1.47 on Thu

 On the index options front, total OI in Calls went down by 8.29 lakh shares to 129.42 lakh, of which, OI at 4100 May Call was down at 34.15 lakh (26.4%); OI at 4200 Call dropped to 25.14 lakh (19.4%), and OI at 4250 Call declined to 12.79 lakh. OI at 4200 Call was down at 12.64 lakh.

On the other hand, total OI in Puts increased by 22.60 lakh shares to 189.66 lakh, of which, OI at May 4000 Put accounted for 19.9% concentration at 37.79 lakh. OI for Nifty 4100 Put rose to 33.12 lakh (17.5%), and OI for 4100 Put rose to 16.40 lakh. OI for 3800 and 3900 Put was around 15.78 lakh and 15.57 lakh shares.

In yesterday's trading, we saw significant drop in OI of 4100 Calls, while additional build-up in OI of 4100 and 4150 Puts. This suggests, that the Nifty is likely to find strong support around 4100-4150 level.

The Nifty OI Put-Call ratio went up to 1.47.