➡ *Nifty Open Interest Analysis*
Maximum CE stands at 11000 (34 Lac) and 11200 (31 Lac)
Maximum PE stand at 10800 (37 Lac) and 10600 (30 Lacs)
Suggest us major support and resistance for monthly expiry.
*Weekly contract*, Maximum CE open interest is at 11000 (30 Lac) and 11100 (27 Lac)
Maximum PE open interest is at 10800 (21 Lac, approx) and 10700 ( 16 Lac, approx)
*Suggests 11000 as major resistance level for Index.*
Writing in PE and CE option indicates a indecisive move ahead. According to Put-Call ratio... 10800 act as a major support for Nifty future.
➡ *Bank Nifty Open Interest Analysis*
*Monthly contract*
Maximum CE stands at 28000( 5.5 Lac) and Maximum PE stands at 27000( 5.9 Lac)
Indicates important next support and resistance level for expiry.
*Weekly Contract*, Maximum CE open interest is at 27500( 11 lac) and maximum PE open interest is at 27000(6 lac)
Indicates next support for market around 27000 and resistance above 27500.
Writing in PE and CE option indicates a indecisive move ahead.