F&O: Nifty Futures too choppy to trade; may find support at 5770

[nirmalkumar]

NirmalBang Research

Nifty Futures for the active series is currently trading at a premium of 17 pts at 5816 (up 50 pts) touching an intraday high and low of 5841 and 5774 respectively. OI for Nifty active series futures currently stand at 2.14 crore adding over 9.8 lakh fresh shares today. The PCR OI of Nifty options currently stand at 0.98 v/s 0.97 yesterday.
With regards active series Nifty Options, highest OI stands at 76.63 lakh for 5800p and 1.04 crore for 6200c and today highest additions of fresh shares stands at 9.03 and 4.34 lakhs for 5600p and 5800c respectively. ATM IVs have shown a decrease from its previous close and are trading at 20.29 and 20.68 for 5800 call and put respectively.
Technically, Nifty fut may find support and resistance at 5770 and 5880 respectively.