Nifty - Weekly View -16th January 2025 by Axis Securities Ltd
Nifty
Current Week Expiry Nifty Open Interest Distribution
* The high Open Interest concentration on the Call side is noted at 23,300 strike followed by 23,500 and 23,400 which may serve as immediate resistance levels.
* The high Open Interest concentration on the Put side is observed at the 23,000 strike followed by 23,200 and 23,100 which may act as immediate support levels.
* The Total Premium of the A-T-M option stands at Rs. 357 and suggesting a probable trading range indicated for the week between 22,900 and 23,700.
Bank Nifty
Monthly Expiry Bank Nifty Open Interest Distribution
* The high Open Interest concentration on the Call side is noted at 49,000 strike followed by 49,500 and 50,00 which may act as immediate resistance levels.
* The high Open Interest concentration on the Put side is recorded at 49,000 strike followed by 48,500 and 49,500 which may act as immediate support levels.
* Total Premium of the A-T-M option is stands Rs.1420- and probable trading range indicated for the week between 47,800 to 49,700.
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