Nifty OI data
It’s a fight for 4500 levels as both 4500 calls and 4500 puts have a nearly same OI.4400 puts a lso have high OI suggesting support at those levels. 4600 calls have high OI indicating that this expiry nifty might difficult to close above 4600.its acuatally a very narrow range between 4400-4600 with the significant of 4500 lost as nifty continues to filter through that level. Longs are better off taking profits near 4600, and same way shorts are safe taking profits near 4400.
Also on the charts 4540-4550 is the immediate resistance and 4420-4400 is the immediate support.
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