1. 5400-5500 range is tightening with calls adding @5500 and puts adding at 5400
2. What is noteworthy is 5500PEs are steadily adding for the last week or so. Indicating bulls are very much alive and just waiting for some +ve global cues to take the market above 5500
3. Yesterday was a weird day with all of the options adding to OI. May be before FOMC there was lot of hedging going on.
Nifty Futures:
3.25Cr OI up 1.5% -- FIIs sold in index futures - may be shorts added?
Banknifty Futures:
31.2L OI up 1.3%
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