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Current Week Expiry Nifty Open Interest Distribution

* The highest Open Interest on the Call side is at the 23,500 strike, followed by 23,300 and 23,400, which could act as resistance levels.

* On the Put side, the highest Open Interest is at 23,500, followed by 23,300 and 23,400, which may serve as support levels.

* The premium for the At-the-Money option is Rs. 409, indicating a likely trading range for the week between 22,800 and 23,900.

Monthly Expiry Bank Nifty Open Interest Distribution

* The highest Open Interest on the Call side is observed at the 53,000 strike, followed by 53,500 which may act as resistance levels.

* On the Put side, the Highest Open Interest is at 53,000, followed by 52,700 which might act as support levels.

* The premium for the At-the-Money option stands at Rs. 1099, indicating a probable trading range for the week between 51,800 and 54,300

NIFTY Strategy: - Bull Call Spread.

* View: - Moderately Bullish.

* 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 23,450 strike Call option and simultaneously selling one lot of the

23,650 strike Call option.

Strategy for Week 24 Th April 2025 Expiry

Recommendation Strike Price Range

Buy 23,450 Call 180 – 200

Sell 23,650 Call 100 – 120

Break-even Point 23,529

Risk in Value Rs. -5,889/-

Reward in Value Rs. 9,113/-

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