The Nifty futures closed positive with gains of 0.51% at 23,280 levels on Tuesday. The India VIX index declined by 3.30% to 15.47, signaling reduced market volatility.
On the options front, the maximum Call OI is placed at 23,500, followed by the 24,000 strike, while the maximum Put OI is placed at 23,000, followed by the 22,500 strike.
Call writing is seen at 23,200 and then at 23,400, while Put writing is seen at 23,200 and then at 23,000.
“Options data suggests a broader trading range between 22,600 and 23,600, with an immediate range between 23,000 and 23,400,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock