Stock Option Trend -OI Concentration Chart Interpretation: From the OI Chart we can see that in September Series maximum addition of open interest on the calls front is existent at strike price of 5600 & 5700 indicating it as Resistance zone on the upside whereas on the put options front we have seen maximum addition of open interest at strike price of 5400- 5500 indicating it as immediate support zone on the downside.
On the call options front we have seen addition of open interest in September series at strike price of 5700 whereas some shredding was witnessed at 5600 today.
On the put options front we have seen addition of open interest in September Series at strike price of 5500 and 5600.
On the put options front we have seen addition of open interest in September Series at strike price of 5500 and 5600.
Nifty Future Trend
The Nifty closed at 5607.85. Nifty future (Sep.) closed at 5596.65 i.e. at a discount of 11.20 points vs. 12.35 points and added 83100 shares in open interest.
The Nifty future (Oct.) closed at 5601.35 i.e. at a discount of 6.50 points vs. 6.55 points and added 111600 shares in open interest.
Interpretation: The Nifty future prices ended flat with an overall addition of open interest and slight increase in the cost of carry, this is an indication of some longs being built at lower levels
The Nifty future (Oct.) closed at 5601.35 i.e. at a discount of 6.50 points vs. 6.55 points and added 111600 shares in open interest.
Interpretation: The Nifty future prices ended flat with an overall addition of open interest and slight increase in the cost of carry, this is an indication of some longs being built at lower levels
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