option analysis report for 21 October 2016

option analysis Nifty call option analysis: nifty call options highest open interest standing at 8800 and 9000ce option suggesting this level as strong resistances as well as active writer’s area. Today these call options closed flat positive. Today highest volume was seen at 8700 and 8800ce level which will be immediate resistance zones. Today these options closed with gains but fresh writing is seen on those levels so buyers must avoid them.   Nifty put option analysis: nifty put options highest open interest is standing at 8600 and 8500PE which today closed with heavy loss. Writers are active here and expect these levels as strong support zones. Highest put options volume seen at 8700 and 8600 put options and these are immediate support area. That why trader can buy nifty 8600 or 8700 call options on the decline for gains.   Banknifty call options analysis: bank nifty call options highest open interest is standing at 19700 and 19800 levels which are immediate resistance zones for the index. Both these call options today closed with a loss. Today highest volume is seen at 19700 which closed flat positive suggesting heavy writing. Data suggest Avoid this month out of the bank nifty call options for trading.   Bank nifty put options analysis: bank nifty put options highest open interest is trading at 19000 level which today closed with heavy loss near zero. Suggesting strong medium-term support at 19000 levels. Today highest volume was seen at 19500 and 19600 put option which today closed with near zero with heavy losses supporting upside for the bank nifty index. Data suggests Traders keep buy on decline strategy in bank nifty 19500 and 19600 call options of next expiry for short term gains.For index option tips on whatsapp with live 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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