nifty 7900 call option analysis for 22 dec 2015

Today nifty 7900 call option closed at 36.95 up 6 rupees with 20% plus gain. It is the nifty today's highest contract traded option. Intraday high was 43+ while low was at 22. Total 21 rupee intraday range was seen. 11% open interest addition suggest hedgers are active at this option and strong writing continues.
Here upside up to 55-60 can be expected if nifty cross 7900 level in this week.
free nifty future and option tips for 22 dec 2015


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