Nifty has seen decrease in Open Interest of -47.30% with a decrease in price of -0.70% indicating Long Unwinding - Axis Securities Ltd
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Bank Nifty has seen decrease in Open Interest of -54.98% with a marginal increase in price of 0.05% indicating Short Build Up.
* The high Open Interest concentration on Call side is seen at 38,000 strike followed by 38,200 & 38.500 which may act as immediate resistance.
* The high Open Interest concentration on Put side is seen at 37,500 strike followed by 37,000 which may act as immediate support.
* Total Premium of A-T-M option is at Rs. 421 and probable trading range indicated for the day could be 37,200 to 38,300.
* Current Week Expiry Bank Nifty Open Interest Distribution
Nifty has seen decrease in Open Interest of -47.30% with a decrease in price of -0.70% indicating Long Unwinding.
* The high Open Interest concentration on Call side is seen at 17,800 strike followed by 17,900 which may act as immediate resistance.
* The high Open Interest concentration on Put side is seen at 17,600 strike followed by 17,500 which may act as immediate support.
* Total Premium of A-T-M option is at Rs. 130 and probable trading range indicated for the day could be 17,500 to 17,900.
* Current Week Expiry Nifty Open Interest Distribution
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