Nifty Option Chain Analysis- 2MAY2024 CMP: 22600 (1:35PM)
After a modest opening, Nifty gradually has crawled up towards the 22600 mark, primarily led by Financials.
The change in OI numbers is also skewed Positively, inkling significant build up from PUT Writers
Total OI : CALL @ 39.1Lk (+3.7Lk) Vs PUTs @ 42.1Lk (+15.5Lk); PCR jumped from 0.75 yesterday to 1.08
In Active-Strikes (marked in Grey),
PUT OI Change stands @ 9.2Lk Vs only 2.4Lk CALLs Money-flow Activity:
Since morning, CALL Writers are trapped & Short-Unwinding is seen to the tune of Rs.51Cr along with Rs.36Cr of fresh Short-Buildup in PUTs Intraday Technical Sup@ 22525; Res@ 22650
Overall, data is positive and possibly has some more room on the upside.
Any further update shall be communicated.
Initiated:
Nifty 2MAY2024 22550CE @ 143 | Status: TGT1 @ 180 DONE
Source: www.nseindia.com
Disc: https://bit.ly/DisclaimerKSLResearch
