Nifty ends lower; options OI signals range-bound market ahead - Nirmal Bang Ltd
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Summary
Indian markets closed on a negative note where selling was mainly seen in Oil & Gas, Realty and Automobiles. Nifty Jan Futures closed at 26,235.30 (down 49.80 points) at a premium of 94.55 pts to spot.
The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26600, 26500,26300, 26200, 26100 strike Calls and at 26200, 26100, 26000 strike Puts indicating market is likely to remain range bound in near term.
Highest OI build-up is seen at 27000 strike Calls and 26000 strike Puts, to the tune of 20.53mn and 19.16mn respectively.
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