India VIX was up by 10.73% from 11.58 to 12.82 levels on Thursday. Volatility spiked and touched 13 zones after four months and paved the way for the bears in the market.
On the options front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19600 and then towards 19700 strikes.
India VIX was up by 2.61% from 10.90 to 11.18 levels in the previous session. Volatility was slightly on the rise but is still trading at its lower band.
On the options front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19500 and then towards 19700 strikes. Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19500 strikes.
“Options data suggests a shift in a slight lower trading range in between 19500 to 20100 zones while an immediate trading range in between 19550 to 19850 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.