Nifty option chain analysis | 22nd July 2022
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- Market is likely to continue its uptrend.
- Option chain numbers suggest that there are more put change in oi compared to call change in oi
- 16800 is most likely to be a good resistance.
- 16500 is a good support.
- Option chain numbers suggest that there are more put change in oi compared to call change in oi
- 16800 is most likely to be a good resistance.
- 16500 is a good support.
- If gives a big gap up then it is most likely to be sold out and a good profit booking can come
- If market opens flat then there is high likely chance for the market to give and uptrend in the second half.
- If market opens flat then there is high likely chance for the market to give and uptrend in the second half.
- However during the first half If market opens flat and breaks down to 16500 then 16500 range can become sideways to volatile
- A gap down towards 16500 can bring the nifty to at today's closing and then option chain numbers have to be seen
- We have sold put options
- A gap down towards 16500 can bring the nifty to at today's closing and then option chain numbers have to be seen
- We have sold put options
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