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Bank Nifty has seen decrease in Open Interest of -58.90% with decrease in price of -0.48% indicating Long Unwinding

* The high Open Interest concentration on Call side is seen at 34,500 strike followed by 35,000 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. 309 and probable trading range indicated for the day could be 34,000 to 35,000; with 34,500 acting as a pivotal level since both Call & Put at 34,500 have high OI concentration.

Current Week Expiry Bank Nifty Open Interest Distribution

Nifty has seen decrease in Open Interest of -46.19% with a decrease in price of -0.68% indicating Long Unwinding.

* The high Open Interest concentration on Call side is seen at 15,800 strike followed by 16,000 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. 93 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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