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Exhaustion in Nifty

Exhaustion in Nifty
 
Option Indicator



For CA highest OI is centered around 5100 and then 5200. For Put highest OI is centered around 5000 so we can safely assume this level to be solid support area in case of dips.



Action in Nifty March expiry Options: 5100 NIFTY PE decrease by more than 10% and a gradual decrease was seen in lower levels Puts. On the other hand higher level CE didnt show any major changes in its Open interest. WHat could be gauged from the current figures are that bears are getting shaky as index maintains above 5100 for the 4th session in row but at the same time bulls think that the rally has been curtailed.As the volume of activity has also been low.