HDFC Bank was down because of Globle Issue of America n Iran, All index was in RED.
Now If HDFC Bank will take support from current level it can go up by next resistant level which is 1285.
Here I have furnish the options date to find the resistant and target.
CALLS PUT
OI CHG IN OI STRIKE CHG IN OI OI
142,500 111,000 1240 44,500 674,000
359,500 147,500 1260 -53,500 603,000
684,000 -13,000 1280 -26,000 359,500
1,237,500 30,000 1300 -9,500 203,000
876,500 -44,000 1320 1,500 26,000
In the bearish market OI has increased at the strike price 1300, which shows it will bounce soon in future.
Now If HDFC Bank will take support from current level it can go up by next resistant level which is 1285.
Here I have furnish the options date to find the resistant and target.
CALLS PUT
OI CHG IN OI STRIKE CHG IN OI OI
142,500 111,000 1240 44,500 674,000
359,500 147,500 1260 -53,500 603,000
684,000 -13,000 1280 -26,000 359,500
1,237,500 30,000 1300 -9,500 203,000
876,500 -44,000 1320 1,500 26,000
In the bearish market OI has increased at the strike price 1300, which shows it will bounce soon in future.