Why NIFTY Witnessing RANGE Bound TRADE? All Levels & Measurements plotted in Chart.
Option Analysis: HIGHEST OI Addition in 9900 CE: +159,675 HIGHEST OI Covered in 9800 CE: -295,725 Next to HIGHEST OI Addition in 9750 CE & 9950 CE: +154,800 & +120,750 respectively. [Remember any multiplied by 50 Strike in NIFTY is generally ODD Strike] HIGHEST OI Addition in 9600 PE: +356,025 Next to HIGHEST OI Addition in 94000 PE: +177,525
In "IV" Analysis: When IV of CALL Option is ranging Between 6.39 (9700 CE) to 7.57 ( 10000 CE) Then IV of PUT Option is ranging Between 10.82 (9650 PE) to 12.68 ( 9400 PE). Conclusion: LIMITED UPSIDE.
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