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Polycab India, Can Fin Homes, MCX India, Havells India and ITC were among the 90 stocks to see a long build-up based on the open interest percentage. An increase in open interest and price indicates a build-up of long positions
India VIX was down by 0.59% from 11.53 to 11.46 levels on Monday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones. On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.
The Nifty has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time highs of 19,525 zones, according to Chandan Taparia of Motilal Oswal. India VIX was down by 0.59% from 11.53 to 11.46 levels and volatility sunk lower while hovering near its lower band, supporting bulls near immediate support zones.
Indian equities were supported by strong buying in heavyweight Reliance Industries stocks, which helped the Nifty defend the support of 19,300 and end at 19,356 on Monday. However, broader markets saw losses as IT stocks underperformed, leading to weakness. Meanwhile, analysts are keeping a close eye on the upcoming
On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,400 strikes while the maximum Put OI is placed at 19,300 and then towards 19,000 strikes. Call writing is seen at 19,500 then 19,550 strikes while Put writing is seen at 19,350 then 19,400 strikes.