![]() ![]() This is followed by the 18,000 strike, comprising 63.83 lakh contracts, and the 17,600 strike, where we have 57.69 lakh contracts. On a monthly basis, the maximum Put OI was seen at 17,500 strike, with 73.46 lakh contracts, which is expected to act as a crucial support zone for the Nifty50 in coming sessions. We have seen Call unwinding in 18,700 strike, which shed 5.1 lakh contracts, followed by 18,300 strike, which shed 4.15 lakh contracts, and 17,000 strike which shed 37,100 contracts. This is followed by an 18,500 strike, comprising 1.11 crore contracts, and an 18,100 strike, where there are more than 1.08 crore contracts.Ĭall writing was seen at 17,900 strike, which added 47.59 lakh contracts, followed by 18,000 strike which added 39.28 lakh contracts and 18,100 strike which added 21.04 lakh contracts. On a monthly basis, we have seen the maximum Call open interest (OI) at 18,000 strike, with 1.57 crore contracts, which may be a crucial resistance level for the Nifty in coming sessions. On the upside, key resistance levels are 41,130, followed by 41,298, and 41,571. ![]() The important pivot level, which will act as a support, is at 40,586 followed by 40,418 and 40,146. ![]() The next support is visible at 40,000 where some amount of Put writing is visible," Kunal Shah, Senior Technical Analyst at LKP Securities said. "The trend remains negative and one should keep a sell-on-rise approach as long as the index stays below the level of 41,500 where the highest open interest is built up on the Call side. It witnessed lower highs and lower lows formation for the second day in a row. It has seen underperformance compared to broader markets and formed a bearish candlestick pattern on the daily charts. The selling pressure continued in Nifty Bank for the third straight session as the index dropped 430 points to 40,702. If the index moves up, the key resistance levels to watch out for are 17,960, followed by 18,004 and 18,075. As per the pivot charts, the Nifty has support at 17,818, followed by 17,774 and then 17,703. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |