Here is the updated Option Sheet valid till current price after the Big trend Day of Yesterday.
We are monitoring 6085 on the spot and 6140 on the spot for further changes in pattern
At the Moment the put writers are taking over the 6100 strike after successfully defending the 6000 PE strike.
We had seen writing at 6000 PE at an average price of 80- 92 in the first few sessions of the series.
The current price of 11/- on that PE shows what writers can do to the outcome of a trend.
Besides in the history of the Markets I have tracked here, I have never seen a 1CR strike ever break.
Back to 6100 strike and the PUT OPen interest is just above the Call interest .
As today is a day of rotations or consolidations as many people call it, we may not see much change there.
Besides the current interest of the Call writers seem to be in securing the 6200 strike rather than defending the position at 6100 CE.
This is bullish in our opinion for a further upmove however small it may be.
The Current Picture hence confirms a slight bullish edge from the Option point of View.