#FINNIFTY Pre-expiry OI Analysis - 26th Sep 2023.
Max Call OI at 20k and max put OI at 19.5k. Can indicate of low risk short strangles at the system at this level.
Second highest OI in Call is at 19.9k and put is at 19.8k. Almost equal OI. This can indicate a lot of high risk short strangles in the system, any decisive break of these levels and further move, can lead to sellers looking for cover and can lead to further move in that direction.
PCR is at 0.8. Indicates a bullish expiry set-up.
On the OI change yesterday, more puts were added than calls, 1.8 Cr Vs 1.3 Cr, indicates Sellers turning bit bullish.
Let's see how the expiry turns out.
Note: These can change intraday with the news flow and events. So better to be stay updated on the current market events and live OI charts.
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