Nifty OI liquidation across calls and puts signals range-bound trade today - Nirmal Bang Ltd
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Summary
Indian markets closed on a flat note where selling was mainly seen in Information Technology, Realty, Consumer Durables and Chemicals. Nifty Dec Futures closed at 26,118.80 (up 161.60 points) at a premium of 179.95 pts to spot.
The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 26500, 26200, 26100, 26000, strike Calls and at 26000, 25900, 25800, 25700, 25500 strike Puts indicating market is likely to remain Range bound during the day.
Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 15.58mn and 15.74mn respectively.
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