Bank Nifty has seen increase in Open Interest of 1.93% with increase in price of 0.97% indicating Long build up - Axis Securities
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Bank Nifty has seen increase in Open Interest of 1.93% with increase in price of 0.97% indicating Long build up.
* The high Open Interest concentration on Call side is seen at 40,000 strike followed by 40,500 which may act as immediate resistance.
* The high Open Interest concentration on Put side is seen at 40,000 strike followed by 39,500 which may act as immediate support.
* Total Premium of A-T-M option is at Rs. 384 and probable trading range indicated for the day could be 39,000 to 40,500. With 40,000 acting as a pivotal level.
* Current Week Expiry Bank Nifty Open Interest Distribution
Nifty has seen decrease in Open Interest of -1.71% with a very marginal increase in price of 0.02% indicating Short Covering.
* The high Open Interest concentration on Call side is seen at 18,000 strike followed by 18,200 which may act as immediate resistance.
* The high Open Interest concentration on Put side is seen at 17,800 strike followed by 17,700 which may act as immediate support.
* Total Premium of A-T-M option is at Rs. 134 and probable trading range indicated for the day could be 17,700 to 18,100.
* Current Week Expiry Nifty Open Interest Distribution
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