F&O view: Call writing at 7,800, 8,000 levels to cap Nifty upside - News Summed Up

F&O view: Call writing at 7,800, 8,000 levels to cap Nifty upside


"In Call options, strike price 8,000 saw addition of huge fresh positions, followed by strike prices 7,800, 8,200 and 7,900. The support remains intact at 7,670 - 7,700 levels.F&O trends:A price rise with a rise in open interest suggests long buildup. The maximum Put open interest of 51.89 lakh contracts stands at strike price 7,800, which suggests a strong base for the market, followed by strike price 7,700, which holds 50.85 lakh contracts in open interest. Here is a list of top stocks where long positions are building up.A fall in price with a rise in open interest suggests short buildup. In index options, FIIs were net sellers of positions to the tune of Rs 414 crore with a rise in OI.


Source: Economic Times May 15, 2016 23:56 UTC



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