Strong writing in 4900 PE series seen in nifty yesterday with strong pullback from the lows. As of now 4900 holds the higher open interest among the series which indicates that currently option writers are confident of holding 4900 as a support zone. Earlier during the start of Oct option series 4800PE holds the higher open interest and now it shifts to 4900PE
Nifty 90 min charts
Also on the 90 min charts Nifty and Bank Nifty had turned to buy mode with supports coming around 4893 and 9444 respectively
Bank Nifty 90 min charts
Related Readings and Observations
Nifty and Bank Nifty January Hourly Futures – Overview Nifty and Bank Nifty hourly charts maintains the downtrend with resistance zone coming around 8366.9 and 19010.9 Trend will reverse to upwards direction if the resistance zone breaks on […]
Nifty and Bank Nifty futures September Overview Nifty and Bank Nifty futures hourly charts is in positional buy mode and currently the support zone comes around 8034 and 15784 respectively. Reverse your position to positional sell mode […]
Call writers take advantage post IIP results Industrial production grew at 3.4 per cent in April after contracting for two months in a row mainly due to improved performance of manufacturing, mining and power sectors and higher […]
Nifty and Bank Nifty Positional Charts and Open Interest View From the open interest charts it is observed that 5900CE holds the highest OI. i,e the Open Interest shifted from 5300PE to 5900CE which indicates 5900 could be the possible resistance for […]
Nifty Open Interest lookup March series and 90 min Charts for 23 March Trading Nifty Open Interest Charts, Nifty and Bank Nifty 90 min Charts updated as on 22 Mar 2011
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
Leave a Reply