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Published on 22/07/2021 10:56:07 AM | Source: Axis Securities Ltd

Nifty has seen decrease in Open Interest of -3.21% with a decrease in price of -1.88% indicating Long Unwinding - Axis Securities

Posted in Market Outlook| #Market Outlook #Axis Securities Ltd

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Bank Nifty has seen increase in Open Interest of 17.58% with decrease in price of -4.17% indicating Short Build Up.

* The high Open Interest concentration on Call side is seen at 35,000 strike followed by 35,500 which may act as immediate resistance.

* The high Open Interest concentration on Put side is seen at 34,500 strike followed by 34,000 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 355 and probable trading range indicated for the day could be 34,000 to 35,000.

Current Week Expiry Bank Nifty Open Interest Distribution

 

Nifty has seen decrease in Open Interest of -3.21% with a decrease in price of -1.88% indicating Long Unwinding.

* The high Open Interest concentration on Call side is seen at 15,700 strike followed by 15,800 which may act as immediate resistance.

* The high Open Interest concentration on Put side is seen at 15,600 strike followed by 15,500 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 116 and probable trading range indicated for the day could be 15,500 to 15,800.

Current Week Expiry Nifty Open Interest Distribution



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