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Current Week Expiry Nifty Open Interest Distribution

* The highest Open Interest on the Call side is at the 24,500 strike, followed by 24,600 and 24,400, which could act as resistance levels.

* On the Put side, the highest Open Interest is at 24,000, followed by 24,200 and 24,300, which may serve as support levels.

* The premium for the At-the-Money option is Rs. 465, indicating a likely trading range for the week between 23,800 and 24,800.

 Monthly Expiry Bank Nifty Open Interest Distribution

* The highest Open Interest on the Call side is observed at the 55,500 strike, followed by 56,000 which may act as resistance levels.

* On the Put side, the Highest Open Interest is at 55,000, followed by 55,500 which might act as support levels.

* The premium for the At-the-Money option stands at Rs. 2222, indicating a probable trading range for the week between 53,100 and 57,500.

NIFTY Strategy: - Bear PutSpread.

* View: - Moderately Bearish.

* Rationale: - Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward. The strategy involves buying one lot of the 24,300 strike Put option and simultaneously selling one lot of the 24,100 strike Put option.

Strategy for Week 08 Th May 2025 Expiry

Strategy Payoff Chart

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