Weekly View : Highest Call OI at 25,200, then 25,300 & 25,400 as resistance by Axis Securities Ltd

Current Week Expiry Nifty Open Interest Distribution
* The highest Open Interest on the Call side is at the 25,200 strike, followed by 25,300 and 25,400, which could act as resistance levels.
* On the Put side, the highest Open Interest is at 25,000, followed by 25,100 and 24,800, which may serve as support levels.
* The premium for the At-the-Money option is Rs. 360, indicating a likely trading range for the week between 24,600 and 25,500.
Monthly Expiry Bank Nifty Open Interest Distribution
* The highest Open Interest on the Call side is observed at the 56,000 strike, followed by 57,000 which may act as resistance levels.
* On the Put side, the Highest Open Interest is at 56,000, followed by 55,800 which might act as support levels.
* The premium for the At-the-Money option stands at Rs. 1327, indicating a probable trading range for the week between 55,000 and 57,700.
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 25,100 strike Call option and simultaneously selling one lot of the 25,350 strike Call option.
Strategy Payoff Chart
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