Open Interest Lookup
Nifty Option Open Interest Data shows 8000PE has the maximum open interest and put writers are crowded there and majority of the put writers believe that this expiry will hold above 8000. Call writers confidence is clearly missing at this juncture.
India VIX is currently trading above the 15 handle. VIX is expected to increase from the mid of January 2017 as the Union budget event planned likely on 1st FEB 2017. Historically India VIX spikes before any such major events and falls as the event nears or post the event.