On Tuesday, Nifty weekly contracts had the highest open interest at 23000 for Calls and 22000 for Puts while monthly contracts had the highest open interest at 23000 for Calls and 22000 for Puts. The highest new OI addition was seen at 22400 for Calls and 22100 for Puts in weekly and at 22400 for Calls and 22100 for Puts in monthly contracts.
Indian headline indices S&P BSE Sensex and Nifty traded lackluster in the early trade amid weak US handover. Nifty fell by over 100 points to hit the day s low of 22,346.50 amid selling pressure in banks, auto and FMCG stocks.
Led by continued investor optimism, Nifty on Friday hit yet another record high level of 22,297.50. Until the support of 21,800 is defended, the upside bias remains intact, chart readers say. The RSI is far from the overbought territory, suggesting more room for an upward rally.
Currently, CAMS stock is on the verge of a horizontal trendline breakout on the daily scale. On Wednesday, the stock witnessed volumes above the 50-day average, indicating accumulation before the actual breakout.