Nifty futures rise; Call OI unwinds, Put adds signal bullish near - Nirmal Bang Ltd
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Summary
Indian markets closed on a positive note where buying was mainly seen in Information Technology, Metal and Chemicals. Nifty Dec Futures closed at 26,197.90 (up 167.90 points) at a premium of 25.50 pts to spot.
The above second chart shows previous trading day’s change in Nifty options where liquidations in OI were seen in 25800, 25900, 26000, 26100 strike Calls and additions at 26200, 26100, 26000, 25900, 25500 strike Puts indicating market is likely to remain positive in the near term.
Highest OI build-up is seen at 26200 strike Calls and 26000 strike Puts, to the tune of 17.05mn and 32.95mn respectively.
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