Nifty futures tips for today : The Nifty-50 has already slided over 4 per-cent, or over 300 pts, in Dec and if options data is something to go by, it can fall another 100 pts, in which case it would take support near to the 7,500 level, say analysts.
Going through options data, it could not be easy for the bulls to break above the 7,800-8,000 range anytime soon due to heavy call writing at higher levels.
Moreover, a big support for the index is emerging around strike price 7,500, where around 8 lakh contracts were added to open interest on yesterday. The total Put OI at strike price 7,500 stands at 64.47 lakh.
On the options front, maximum Put OI concentration was seen at 7,500 (64.47 lakh contracts), & below that at 7,600 (38.26 lakh contracts). Maximum Call OI were seen at SP(strike price) 8,000 (71.95 lakh contracts), followed by 8,200 (50.24 lakh contracts).
Today's Nifty Futures Buy Call
Nifty futures tips : REVISION BUY BANK NIFTY ABOVE 16695 TGTS 16745/16805 SL 16635
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