Nifty Expiry Range Narrows to 8500-8800

Today, 8800CE writers started increased their open interest highest next to 9000CE. Thats so far a high confidence setup that markets are likely to see a tighter rangebound expiry 8500-8800 for this series. Also 8837 plays a crucial resistance zone at this point

Option Pain is currently at 8650. Since there is only 6 more trading days for expiry. India VIX is currently above 14 handle. Volatility inched up marginally.

[Image Credit : Option Action ]

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