Option Chain Analysis (05-April-2024 ;EOD)
The options market indicates that the highest open interest on the call side is at 23000 level, while on the put side, its at 22500. Looking at today's option chain, we observe a greater amount of call writing activity compared to put writing, signaling a bearish sentiment in the market.
The system suggests a trading range for the next day between 22375 and 22630. The Max Pain is seen at 22500 spot with the CE/PE Combined Residual Premium/Pain Value of 184.57 Crores.
The options market indicates that the highest open interest on the call side is at 23000 level, while on the put side, its at 22500. Looking at today's option chain, we observe a greater amount of call writing activity compared to put writing, signaling a bearish sentiment in the market.
The system suggests a trading range for the next day between 22375 and 22630. The Max Pain is seen at 22500 spot with the CE/PE Combined Residual Premium/Pain Value of 184.57 Crores.
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