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Bank Nifty has seen decrease in Open Interest of -3.52% with increase in price of 7.31% indicating Short Covering.

* The high Open Interest concentration on Call side is seen at 37,800 strike followed by 38,000 & 38,200 which may act as immediate resistance.

* The high Open Interest concentration on Put side is seen at 37,500 strike followed by 37,300 & 37,000 which may act as immediate support.

* Total Premium of A-T-M option is at Rs. 381 and probable trading range indicated for the day could be 37,200 to 38,200.

Current Week Expiry Bank Nifty Open Interest Distribution

Nifty has seen increase in Open Interest of 10% with an increase in price of 4.01% indicating Long Build Up.

* The high Open Interest concentration on Call side is seen at 18,000 strike followed by 18,100 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. 113 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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