HDFCBANK – Heavy Call Writing Near 2000 Zone________________________________________
📈 HDFCBANK – Heavy Call Writing Near 2000 Zone | OI + Price Action Analysis
🕒 Chart Type: 15-Minute
📆 Date: July 7, 2025
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🔍 What’s Catching Our Eye:
HDFCBANK closed at ₹1987.4, and the entire Call side from ₹1980 to ₹2100 is showing strong Short Build-Up, clearly suggesting resistance building up ahead, especially around ₹2000–₹2040 levels.
Meanwhile, Put side shows Long Unwinding at ₹2000 PE, suggesting lack of bullish confidence at current levels.
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📌 What We’re Watching For:
Watch the zone between ₹2004.70 – ₹2007.90 very closely – it’s a visible Supply Zone based on price rejection + heavy CE OI.
If HDFCBANK fails to break and sustain above ₹2009.30 (SL), bears may take control again and drive it back to ₹1980 or below.
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📊 Volume Footprint:
Heavy CE volumes hint at active resistance:
• ₹2000 CE – 9.3k+ contracts
• ₹2060 CE – 7.8k+ contracts
• ₹2020 CE & ₹2040 CE – ~5.6k contracts each
→ Strong presence of Call writers near current levels, pressuring the upside.
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📈 Option Chain Highlights:
Calls (Short Build-Up):
• ₹2000 CE: +1,93,600 OI | Price ↓ 8.87%
• ₹2060 CE: +10,04,300 OI | Price ↓ 16.67% ✅ Major resistance buildup
• ₹2020 CE: +6,90,800 OI | Price ↓ 11.42%
• ₹2040 CE: +5,83,550 OI | Price ↓ 15.13%
• ₹1980 CE: +2,17,800 OI | Price ↓ 6.44%
• ₹2100 CE: +2,00,200 OI | Price ↓ 17.76%
Puts:
• ₹2000 PE: -84,150 OI | Price ↓ 0.87% → Long Unwinding = Bullish weakness
• ₹1980 PE: +6,050 OI | Price ↓ 2.33% → Weak Short Build-Up
📌 Inference:
Call writers are dominating the entire upper side. There’s no strong Put writing, and PE writers are exiting positions at ATM — this confirms limited bullish conviction.
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🔁 Trend Bias:
🔴 Bearish to Range-Bound – unless ₹2009.30 gets taken out on closing basis
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🧠 Trade Logic / Reasoning:
• Heavy Short Build-Up in all major CE strikes
• Lack of Put writing near spot
• Supply Zone aligning perfectly with Option Chain resistance
→ Expect rejection or pause unless strong buyers break ₹2009.30 with volume.
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📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2008
🔻 Bottom Range (Support): ₹1980
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🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Equity): Above ₹2009.30 with a bullish candle and volume
✅ Best Sell (Equity): Below ₹2004.70 for quick move to ₹1980
✅ Best CE to Long: None – CE side is under Short Build-Up
✅ Best PE to Long: ₹1980 PE if price starts rejecting ₹2000 zone again
🟢 Demand Zone: ₹1965 – ₹1980 (Intraday Bounce Possible)
🔴 Supply Zone: ₹2004.70 – ₹2007.90 (SL: ₹2009.30)
⚠️ Invalidation Levels (With Logic):
🔻 Bullish View Invalid Below: ₹1980 – breaks structure and confirms weakness
🔺 Bearish View Invalid Above: ₹2009.30 – a breakout above this level with volume + PE Short Build-Up will invalidate bearish trades
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⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
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💬 Rejection from ₹2000 or breakout above ₹2009?
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