NIFTY50
Max call OI:23,800
Max put OI:23,000
(Ten strikes to ATM, 24 March expiry)
The NIFTY50 is set to open nearly 300 points lower owing to weak global market cues.
The crude oil prices jumped above $110 per barrel on Monday morning after President Trump issued a 48-hour deadline for Iran to open the Strait of Hormuz or face attacks on its crucial energy infrastructure. The Asian markets fell over 3% across the board amid the ongoing energy crisis in the Middle East.
Source: Upstox
On the hourly charts, the index remained below the 20 and 50 EMA, indicating sell-on-rise sentiment on the short-term charts. On the long-term charts, the weekly 200 EMA level now remains the next crucial support for the NIFTY50.
Source: Upstox
On the open interest front, the 23,800 calls hold the highest open interest, indicating a strong resistance on the upside. The 23,000 puts hold the highest open interest for tomorrow’s expiry, indicating a near-term resistance.
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Long buildup: NA
Short buildup: Hindalco, HDFC Bank
Top traded futures contracts: HDFC Bank
Top traded options contracts: HDFC Bank 800 CE
F&O securities under ban: SAIL, Samaan Capital
F&O securities out of the ban: NA
To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply log in: https://pro.upstox.com/ ➡️F&O➡️Options smartlist/Futures smartlist In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with a price increase, and short build-up means an increase in Open Interest(OI) along with a price decrease.