Nifty Option Chain Analysis- 18APR2024CMP: 22305 (12:40PM)
After an initial apprehension, Nifty has bounced-off from the immediate support area of ~22100, powered by IT & Telecom stocks
The OI numbers have also improved in the past 2 Hrs.
Money-flow Activity:
Since morning 10:30AM, massive Short-buildup seen in PUTs to the tune of Rs.503Cr along with Rs.362Cr of Short-Cover in CALLs Total OI : CALL @ 45.6Lk (+18.5Lk) Vs PUTs @ 53.3Lk (+36.6Lk); PCR @1.17
I
n Active-Strikes near ATM (marked in Grey), CALL OI Change stands @ 15.2Lk Vs a solid 26.5Lk PUTs, inkling a +ve undertone Intraday Technical Sup@ 22150;
Resis@~22380 Overall, OI data is +Ve at present, with 22380 as a plausible Technical upside. However, we are vigilant of any change in data presenting a trading opportunities.
Source: www.nseindia.com
Disc: https://bit.ly/DisclaimerKSLResearch
