🔸 Highest OI on call side is placed at 20,000 strike
🔸 Highest OI on put side is placed at 19600 strike
Change in OI
🔸19600 put strike saw massive put writing (~1.09cr) contracts, this indicates a strong base followed by 19500 strike
🔸On call side there were massive short covering seen in 19500 and 19600 strike with mild call writing seen at 19900 strike
Note: The option chain is heavily bullish and with positive FII data the bullish trend will continue. First sign of Weakness in Nifty will be seen only if it sustains below 19575