Nifty Future is looking strong, it will touch 16000 mark very soon. As per yesterday's option writing 14800PE has 34,696 Lots addition and 14800CE negative 12,261 Lots which indicate it will act as strong Support for the market near future or this month.
14900PE has 20,384 Lots addition and 14900CE -8089 Lots so no addition in Call side indicate it will also a strong support.
15100CE has 5426 lots addition and 15100PE 1650 lots will act as resistance (but if PE side more build-up happen today then can break)
15200CE has 7513 lots addition and 15200PE 1563 lots addition which is highest yesterday's option building in Index. Then 16000CE 4248 lots writing.
So I am expecting we will see 16000 mark very soon may be this month before expiry.
Note: All Option data is as per NSE F&O Bhav copy dated 17-05-2021 Cumulative Option OI.
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14900PE has 20,384 Lots addition and 14900CE -8089 Lots so no addition in Call side indicate it will also a strong support.
15100CE has 5426 lots addition and 15100PE 1650 lots will act as resistance (but if PE side more build-up happen today then can break)
15200CE has 7513 lots addition and 15200PE 1563 lots addition which is highest yesterday's option building in Index. Then 16000CE 4248 lots writing.
So I am expecting we will see 16000 mark very soon may be this month before expiry.
Note: All Option data is as per NSE F&O Bhav copy dated 17-05-2021 Cumulative Option OI.
And Like if you find helpful or dislike also if not helpful; but do something...!
Comment:
Open Gap Up above 14900
Comment:
Moving as expected...
Comment:
Mistake:
In Chart 16000CE will be 15200CE (mistake) follow the Horizontal Lines Price Point
In Chart 16000CE will be 15200CE (mistake) follow the Horizontal Lines Price Point