*Trading Action*
1. Nifty has surpassed its hurdle of 10180 and holding so Bullish momentum continues with buy on decline strategy. *Buy Nifty with SL of 10180 zone for 10333 - 10400 levels.*
*2. We are holding Short strangle of (11th June weekly) selling 9500 Put and 10600 Call at net premium inflow of 33 points*
*3. Sell Nifty 9800 Put cmp 14-15 with double SL*
Based on below *Derivatives clues*
Update : 10:30 am (9th June 2020)
Option OI data (in lakh shares) : *11th June weekly*
● Highest Put OI at 10000 PE (29.36), 10100 PE (23.63), 9800 PE (22.08), 9900 PE (19.34).
● *10100 PE OI added by +11.03, 10200 PE OI added by +18.17.*
● Maximum Call OI at 10500 CE (24.23), 10300 CE (22.39), 10400 CE (19.98).
● Fresh Call writing at *10300 CE (+1.41) and 10200 CE (+1.13)*.
*Monthly OI (in lakh shares) : 25th June 2020*
Max Put OI is at 9000 PE (35.73), 9500 PE (29.87) and 9900 PE (24.98) while Max Call OI is at 10000 CE (17.24), 11000 CE (16.50) and 10500 CE (16.50).
India VIX is marginally up by 0.16% at *29.70* levels.
*Conclusion* : _Put writing is shifting to higher levels at 10100 and 10200 strike while Call writing is seen at 10300, 10400 and 10500 strikes. Overall positive trend is intact with consolidated range bound move. Immediate trading range *10100 to 10400* zones._