Stock Option Review
OI Concentration Chart Interpretation: From the OI Chart we can see that in September Series addition of open interest on the calls front is seen at strike price of 5800 and 5900 indicating it as Resistance zone on the upside
whereas on the put options front we have seen addition of open interest at strike price of 5700 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 5800 and 5900.
- On the put options front we have seen addition of open interest in September Series at strike price of 5700 and 5800.
Nifty Future Review
- The Nifty closed at 5760. Nifty future (Sep.) closed at 5763.20 i.e. at a premium of 3.20 points vs. discount of 8.20 points and added 639050 shares in open interest.
- The Nifty future (Oct.) closed at 5767.80 i.e. at a premium of 7.80 points vs. discount of 3.15 points and added 319100 shares in open interest.
- Interpretation: The Nifty future prices ended in the green terrain along with an overall addition of open interest and increase in the cost of carry, this is an indication of long built up at lower levels.Click Here To get all Stock tips - Stock Tips
