Options Chain Analysis
1. Highest Change of OI at 18700CE of 8/12 Expiry - ITM CALL OPTION : indicate a Gap Up opening expected on Monday at nifty.
2. Highest Open Interest at 19000CE of 8/12 Expiry - OTM CALL OPTION: indicate a major resistance to cross.
3. Second Highest OI at 18800CE of 08/12 Expiry- NEAR ATM : indicating price expect to expire at the current or just near to it.
4. IV VALUE: It is lowest at 18750CE - It indicate this week will expire around 18750( note of the futures)
5. My expectations: NIFTY WILL BE RANGE BOUND FOR THIS WEEK. FROM 18700 TO 18900.
Regards
Gaurav Bajaj