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Bank Nifty has seen decrease in Open Interest of -9.38% with a very marginal increase in price of 0.01% indicating Short Covering.

* The high Open Interest concentration on Call side is seen at 38,000 strike followed by 37,800 & 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. 364 and probable trading range indicated for the day could be 37,000 to 38,000.

* Current Week Expiry Bank Nifty Open Interest Distribution

Nifty has seen increase in Open Interest of 10.17% with a very marginal increase in price of 0.02% indicating Long Build Up.

* The high Open Interest concentration on Call side is seen at 17,700 strike followed by 17,800 & 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 & 17,400 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 17,400 to 17,800.

* Current Week Expiry Nifty Open Interest Distribution

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