Nifty & Banknifty Call Put Options Writing Data

Call writers seem to be getting active at 11600 which has an OI of 4129725, an addition of around 15lakhs shares which will be a major hurdle in today’s trading session similarly 11500 will be hard to break on the downside as it has an OI of 4041075 any decisive move above 11600 will take Nifty close to 11750and 11775 chances of which are bleak.

Bank Nifty seems to range-bound between 22000 and 23000 and it seems difficult for the index to cross 23000 as call writers are active at 21700,21800,21900 and 23000 holds the highest open interest, on the downside put writers are active at 21500,21400 and 22000 which holds the highest open interest.