GLENMARK - Strong Option Chain Signals for Potential Trade Setup

Bias:
Bullish Bias with Aggressive Call Writing Unwinding and Strong Call Long Build-Up
Strong OI additions in OTM Calls; downside Put writing limited
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Best CE:
Strike: 2000
LTP: ₹42.1
OI: 28,83,750 (+12,32,625 | +74.65%)
Volume: 15,350
Build-Up: Long Build-Up
Interpretation: Strong aggressive buying; potential breakout above 2000
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Best PE:
Strike: 1700
LTP: ₹10.0
OI: 9,27,000 (+3,60,750 | +63.71%)
Volume: 4,059
Build-Up: Short Build-Up
Interpretation: Put writing — indicates strong support near 1700
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Best Strategy:
Bull Call Spread
(Buy 2000 CE, Sell 2120 CE)
- Capitalizes on upward momentum
- Defined risk & reward
- High probability based on CE buildup from 1920 to 2120
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Why:
- Multiple strikes (1920, 1960, 2000, 2120) with **Long Build-Up in Calls**
- Lower strikes (1860–1900) showing **Short Covering**, confirming up-move strength
- No significant Put Long Build-Up — bearish bets not seen
- 2000 CE has highest bullish action → Key breakout level
- Spot at ₹1904 is very close to these active strikes

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⚠️ Disclaimer (Please Read):
• This chart is shared for educational purposes only and is not investment advice.
• I am not a SEBI-registered advisor.
• The information provided here is based on personal market observation.
• No buy/sell recommendations are being made.
• Please do your own research or consult a registered financial advisor before making any trading decisions.
• Trading involves risk. Always use proper risk management.
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