MTECHTIPS:-Options Analysis:
On the Options front, in the May Series, maximum Put OI is stood at 5000 strike and Call OI is at 5600 strike price indicating broader range for this series may be in between 5000-5600 levels. Ahead of F&O Expiry day volatility may remain intact in the market, one should keep strict stop levels for trading. The Put Call Ratio based on Open Interest of Nifty slightly moved down from 1.07 to 1.04 levels. HV of Nifty moved down from 23.18 to 22.59 and IV also moved down from 19.67 to 19.04 levels. The market turnover increased by 33.5% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 32.5%.
On the Options front, in the May Series, maximum Put OI is stood at 5000 strike and Call OI is at 5600 strike price indicating broader range for this series may be in between 5000-5600 levels. Ahead of F&O Expiry day volatility may remain intact in the market, one should keep strict stop levels for trading. The Put Call Ratio based on Open Interest of Nifty slightly moved down from 1.07 to 1.04 levels. HV of Nifty moved down from 23.18 to 22.59 and IV also moved down from 19.67 to 19.04 levels. The market turnover increased by 33.5% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 32.5%.
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