Option Analysis report for 25 October 2016

option analysis Nifty call option analysis: nifty call options highest open interest standing at 8800 and 9000ce level which today closed flat positive. This is writer’s active area and traders must avoid long positions here. Today highest volume is seen at 8700 and 8800ce and these options closed with gain but here see premium drop on short-term volatility. Though nifty 8700ce can be used as a buy on dips as we are seeing short covering here.   Nifty put option analysis: nifty put options highest open interest standing at 8600 and 8500pe which are today closed with a heavy loss on fresh writing. These are strong support zones so traders can buy nifty 8600 or 8500 call options on the decline for gains. Today highest volume activity was around 8600 and 8700pe suggesting support base shifting upwards.   Bank nifty call option analysis: bank nifty call options highest open interest is standing at 20000 and 20500ce which are active writing zone and strong resistance. Both these options closed with flat gains. Today highest volume is seen at bank nifty 20000ce suggesting short covering by writers.   Bank nifty put option analysis: bank nifty put option highest open interest is at 19000pe level which today closed with heavy loss. This is a strong support on the downside and traders can use bank nifty 19000 call options as a buy on dips for short term gains. Today highest volume was seen at 19500pe level suggesting fresh writing and fresh support creation for bank nifty. Traders can use 19500 call option as a buy on dips. 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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