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Current Week Expiry Bank Nifty Open Interest Distribution

* Bank Nifty has seen decrease in Open Interest of -32.67% with an increase in price of 6.09% indicating Short Covering.

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

* The high Open Interest concentration on Put side is seen at 33,500 strike followed by 33,000 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 483 and probable trading range indicated for the day could be 34,500 to 33,000.

Current Week Expiry Nifty Open Interest Distribution

* Nifty has seen decrease in Open Interest of -33.28% with an increase in price of 3.14% indicating Short Covering.

* The high Open Interest concentration on Call side is seen at 15,000 strike followed by 15,100 which may act as immediate resistance

* The high Open Interest concentration on Put side is seen at 14,500 strike followed by 14,600 which may act as immediate support..

* Total Premium of A-T-M option is at Rs. 142 and probable trading range indicated for the day could be 15,050 to 14,650.

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