Nifty Option Chain Analysis- 29FEB2024
CMP: 22038 (12:20PM)
📌 After an initial flatness, a sharp cut observed in the past 1 hr. While Nifty trades with a cut of 160 points, the total OI data for the series has remained skewed negatively so far.
Total OI : CALL @ 40.4Lk Vs 24.5Lk PUTs, PCR @ 0.61 Vs 0.87 @ 11AM;
Fresh OI Chng in CALLs@ 14.8Lk Vs PUTs@ 2.1Lk
CMP: 22038 (12:20PM)
📌 After an initial flatness, a sharp cut observed in the past 1 hr. While Nifty trades with a cut of 160 points, the total OI data for the series has remained skewed negatively so far.
Total OI : CALL @ 40.4Lk Vs 24.5Lk PUTs, PCR @ 0.61 Vs 0.87 @ 11AM;
Fresh OI Chng in CALLs@ 14.8Lk Vs PUTs@ 2.1Lk
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📌 Money-flow Activity since 11AM: Massive Short-Buildup (SB) seen in CALLs to the tune of 305Cr
Active-Strikes & the Net Curr Value of the Contracts added/reduced since yesterday:
CE b/w 22000-22300 @ +233Cr ; PE b/w 22000-21700 @ +18Cr
📌 Intraday Technical Sup/Res: 21900/22100
📌 Overall, data is weak following a quick sell-off!
However, volatility is high, remain nimble footed.
📌 Money-flow Activity since 11AM: Massive Short-Buildup (SB) seen in CALLs to the tune of 305Cr
Active-Strikes & the Net Curr Value of the Contracts added/reduced since yesterday:
CE b/w 22000-22300 @ +233Cr ; PE b/w 22000-21700 @ +18Cr
📌 Intraday Technical Sup/Res: 21900/22100
📌 Overall, data is weak following a quick sell-off!
However, volatility is high, remain nimble footed.
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