ksaurav87

HDFC BANK - PRICE ACTION STARTEGY

NSE:HDFCBANK   HDFC BANK
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.

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