F&O cues for D-Street
The Nifty50 index opened in the positive but failed to hold above 9,500 and witnessed a decline of around 100 points from the day’s high. However, the index recovered from the day’s low and finally closed flattish on Friday.
On the options front, maximum Put open interest stood at 9,300 followed by strike price 9,400, while maximum Call open interest was seen at strike price 9,500 followed by 9,600.
Fresh Call writing was seen at strike prices 9,400 and 9,700, which are restricting the upside momentum, while Put writing at all strike prices from 9,300 to 9,450 is supporting the market on declines.
Fresh Call writing was seen at strike prices 9,400 and 9,700, which are restricting the upside momentum, while Put writing at all strike prices from 9,300 to 9,450 is supporting the market on declines.
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