NIfty Bank: It's crucial to monitor the price action around key levels and remain vigilant regarding potential resistance zones identified through OI concentrations in Call options.
A trader by the name of SOAMJENA put in a market order to purchase the 67000 call option for just Rs 4-5. However, a "fat-finger" or typing error caused the order to send the premium skyrocketing to an astounding Rs 209 in a matter of minutes.
Nifty Bank Put option distribution suggests that 43,000-strike has the highest OI concentration, followed by 42,500, which may act as support for the current expiry