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The stock market is a dynamic space where investors continuously attempt to gauge market sentiment and future trends through various indicators. One such indicator is the activity of call and put writers, which provides insight into market expectations regarding upcoming price movements. In this article, we will delve into the recent activity levels of call and put options in NIFTY and NIFTY BANK, focusing on significant strike prices where the most activity has been observed.
NIFTY Call and Put Writers Activity
In the NIFTY index, the levels at which call writers have been most active are 24200, 24300, and 24400. Call writers are those who sell call options, anticipating that the stock or index will either consolidate or decrease in value. This activity signals a potential resistance level for traders to watch.
Call Writers Resistance Levels
| Strike Price | Type | Activity Level |
|---|---|---|
| 24200 | Call | High |
| 24300 | Call | High |
| 24400 | Call | High |
Conversely, put writers have shown significant activity at the levels of 24200, 24100, and 24000. Put writers are those who sell put options, expecting that the market will either rise or remain above these levels. This suggests a strong support sentiment among traders for these strike prices.
Put Writers Support Levels
| Strike Price | Type | Activity Level |
|---|---|---|
| 24200 | Put | High |
| 24100 | Put | High |
| 24000 | Put | High |
NIFTY BANK Call and Put Writers Activity
Turning to the NIFTY BANK index, the call writers have been predominantly active at the levels of 55500, 55800, and 56000. This indicates a potential resistance point for the NIFTY BANK, where traders may foresee challenges in exceeding these levels.
Call Writers Resistance Levels in NIFTY BANK
| Strike Price | Type | Activity Level |
|---|---|---|
| 55500 | Call | High |
| 55800 | Call | High |
| 56000 | Call | High |
Meanwhile, put writers in the NIFTY BANK have shown substantial activity at levels of 55000, 54800, and 54500. This suggests traders’ expectations that the bank index will maintain its value above these levels, showcasing strong support.
Put Writers Support Levels in NIFTY BANK
| Strike Price | Type | Activity Level |
|---|---|---|
| 55000 | Put | High |
| 54800 | Put | High |
| 54500 | Put | High |
Conclusion
The analysis of call and put writers in NIFTY and NIFTY
