Option analysis report for 20 October 2016

Option analysis report for 20 October 2016 Nifty call option analysis report: highest open interest is seen at nifty 9000CE and nifty 8800CE suggesting these levels as a strong resistance zone. Nifty 9000 call option closed at 2.75 with almost 2 rupee loss in premium while nifty 8800 call option closed at 16.5 with the loss of 9 rupees in premium. Today highest volume was seen at 8700 call options which closed down 14 rupees at 46 rupee premium. This suggesting nifty 8700 levels immediate and strong hurdle that why option writers active there.   Nifty put option analysis report: nifty 8600 and 8500 put options have highest open interest standing suggesting it as strong support zones. Both put options today closed with gains. While today highest volume was at nifty 8600PE which is immediate support for nifty. Writers are confident that nifty will not break 8600 level on the downside. That why options traders keep buying on dips view for nifty 8600 call options of next expiry with stop loss.   Bank nifty call option analysis report: highest open interest is in bank nifty 19500 to 19700CE zone which will be a strong hurdle for the index in short terms. All these options closed with heavy losses suggesting active writers on those strike prices. Highest volume was at bank nifty 19500ce suggesting immediate resistance as well as a target zone for the index.   Banknifty put options analysis report: highest open interest standing at bank nifty 19000 and 18500 put options which today closed with a loss. These are major support zones for the index. Today highest volume was at 19200 and 19300 put options which today closed with a loss. Suggesting strong support zones for bank nifty future. That why traders keep buying on decline view on bank nifty 19200 or 19300CE of next expiry. For index option tips on WhatsApp with support and follow-ups join our option tips service.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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