Options chain analysis: key support and resistance levels in F&O stocks, do not miss this action!
Most a stock option chain analysis
Most Active Stock Option Chain Analysis
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Wipro Ltd priced at Rs 494.6, reflecting a daily increase of 6.26 per cent as of today, anticipates key levels for the upcoming expiry on January 25, 2024. Noteworthy support levels include the 490 and 470 strike prices, with Open Interest (OI) numbers at 2,245 and 1,918, respectively. On the upside, crucial resistance is observed at the 500 and 520 strike prices, accompanied by OI figures of 9,922 and 7,589.
The overall OI buildups suggest significant interest at both support and resistance levels, indicating potential inflection points for market sentiment. Traders may closely monitor the 500 strike price, given its substantial OI of 9,922, as it could act as a pivotal level influencing price movements in the sessions leading up to the expiration date.
Tata consumer Ltd priced at Rs 1,152.50, reflecting a daily increase of 0.71 per cent as of today, anticipates key levels for the upcoming expiry on January 25, 2024. Noteworthy support levels include the 1,100 and 1,12 0strike prices, with Open Interest (OI) numbers at 655 and 452, respectively. On the upside, crucial resistance is observed at the 1,160 and 1,190 strike prices, accompanied by OI figures of 890 and 1,575.
The overall OI buildups suggest significant interest at both support and resistance levels, indicating potential inflection points for market sentiment. Traders may closely monitor the 1,150 strike price, given its substantial OI of 982, as it could act as a pivotal level influencing price movements in the sessions leading up to the expiration date.
Polycab Ltd priced at Rs 4,180.15, reflecting a daily increase of 5.01 per cent as of today, anticipates key levels for the upcoming expiry on January 25, 2024. Noteworthy support levels include the 4,000 and 4,050 strike prices, with Open Interest (OI) numbers at 2,272 and 832, respectively. On the upside, crucial resistance is observed at the 4,300 and 4,400 strike prices, accompanied by OI figures of 1,051 and 1,849.
The overall OI buildups suggest significant interest at both support and resistance levels, indicating potential inflection points for market sentiment. Traders may closely monitor the 4,500 and 5,000 strike prices, given its substantial OI of 3,969 and 7,288 respectively, as it could act as a pivotal level influencing price movements in the sessions leading up to the expiration date.
Disclaimer: The article is for informational purposes only and not investment advice