MARKET OUTLOOK: RELIEF
Imp levels: Nifty Future (16,888)
• Nifty has highest call writing at 17,000 strike call (79.5 lac shares) with highest open interest addition to the tune of 50.2 lac shares
• 17,100 call has second highest call writing (70 lac shares) hence immediate resistance is 17,100 for today
• On downside highest and second highest put writing stands at 16,800 (38.7 lac shares) and 16,500 (38.6 lac shares) strike hence Nifty range likely to be in the (16,800 – 17,100) band for today