6100 may act as resistance for Nifty futures: Aditya Birla

According to derivative report by Aditya Birla Money, Nifty Futures call options 6100 strike saw addition in open interest of around 1.32 mn, further indicating that 6100 is likely to act as resistance.  In put options 6000 strike saw an addition in open interest of around 0.93 mn.

Nifty Futures open interest saw a decrease of around 32.43% and Nifty Futures saw a decrease of around 0.51%: Indicating Long Unwinding in Nifty Futures. India VIX saw a decrease of around 2.62%: Indicating positiveness for the market.The PCR for Nifty based on open interest went down to 0.94 as compared to 1.05 as on the previous trading session: Indicating negativeness for the market.  Nifty Futures is trading at a premium of 37-38 points as compared to a premium of 32-33 points as on the previous trading session: Indicating positiveness for the market. 

High put option open interest build up of around 3.2 mn is seen at 5900 strike: Indicating that traders are betting on 5865-5900 to act as strong support.  High call option open interest build up of around 4.4 mn is seen at 6100 strike: Indicating that traders are betting on 6100-6150 to act as strong resistance.  In call options 6100 strike saw addition in open interest of around 1.32 mn: Further indicating that 6100 is likely to act as resistance.  In put options 6000 strike saw an addition in open interest of around 0.93 mn.

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