Nifty has seen increase in Open Interest of 4.02% with increase in price of 0.73% indicating Long Build Up - Axis Securities
Current Week Expiry Bank Nifty Open Interest Distribution
* Bank Nifty has seen decrease in Open Interest of -9.70% with a marginal price of 0.14% indicating Short Covering.
* The high Open Interest concentration on Call side is seen at 33,000 strike followed by 33,500 & 34,000 which may act as immediate resistance.
* The high Open Interest concentration on Put side is seen at 32,500 strike followed by 32,000 which may act as immediate support.
* Total Premium of A-T-M option is at Rs. 419 and probable trading range indicated for the day could be 33,500 to 32,000.
Current Week Expiry Nifty Open Interest Distribution
* Nifty has seen increase in Open Interest of 4.02% with increase in price of 0.73% indicating Long Build Up.
* 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 14,800 strike followed by 14,600 & 14,500 which may act as immediate support
* Total Premium of A-T-M option is at Rs. 129 and probable trading range indicated for the day could be 15,100 to 14,650
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