February 14, 2024 / 10:32 AM IST
Sensex Today | Shrey Jain, Founder and CEO SAS Online
Today, India’s primary indices, the BSE Sensex and Nifty 50, initiated trading with a decline exceeding 0.5%, influenced by global patterns triggered by a US inflation report surpassing expectations.
Regarding today’s expiration, Bank Nifty is projected to move within a wider scope, with levels anticipated to range between 45,000 and 46,000, attributed to substantial Open Interest (OI) in both Put and Call options.
Upon analyzing the Open Interest (OI) data, the Nifty’s Call options exhibited the highest OI at 21,900, closely trailed by the 22,000 strike prices. Conversely, the maximum OI for Put options was noted at the 21,500 strike price. Based on this analysis, it is expected that the Nifty will undergo volatility throughout the trading session, primarily oscillating within the 21,650 to 21,750 range.
Read More: Sensex, Nifty off day’s low; Bank Nifty recovers 600 pts