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Bank Nifty has seen decrease in Open Interest of -16.65% with increase in price of 2.13% indicating Short Covering.

* The high Open Interest concentration on Call side is seen at 41,000 strike followed by 41,500 & 42,000 which may act as immediate resistance.

* The high Open Interest concentration on Put side is seen at 40,500 strike followed by 40,000 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 285 and probable trading range indicated for the day could be 40,000 to 41,500.

Current Week Expiry Bank Nifty Open Interest Distribution

Nifty has seen decrease in Open Interest of -54.89% with a marginal increase in price of 0.07% indicating Short Covering.

* The high Open Interest concentration on Call side is seen at 18,300 strike followed by 18,500 which may act as immediate resistance.

* The high Open Interest concentration on Put side is seen at 18,000 strike followed by 18,200 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 88 and probable trading range indicated for the day could be 18,000 to 18,400.

Current Week Expiry Nifty Open Interest Distribution

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