Nifty Option Chain Analysis- 2MAY2024 CMP: 22430 (2:10PM)
After opening in the green around ~22600 levels, a consistent downward pressure is seen throughout the day, resulting in Nifty being down by 140 points.
The OI data is –Vely skewed, with heightened activity from CALL writers
Total OI : CALL @ 38Lk (+17Lk) Vs PUTs @ 30Lk (+5.5Lk); PCR @ 0.78 Vs 1.15 Yestdy
In Active-Strikes near ATM (marked in Grey), the OI addition numbers are also showing tilt towards CALLS @ +8Lk Vs 2Lk PUTs
Money-flow Activity: Short-Buildup in CALLs seen
Intraday Technical Sup/Res: 22380/22550
Current OI numbers are negative. However, the readings on Technical Oscillators are slight overstretched.We are vigilant of any possible
Technical bounce with improving PCR, that could present trading opportunity on the upside.
Disc: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com
