Important References from Marketprofile
36,276F – Single Print selling area – Resistance where PE writers failed.
35,628F – Single Print Buying area – Support
Important References from Open interest data
36024F – Resistance from call writers.
35852F – Place where call writers ran for cover.
Calls vs Puts Activity from 11th August 2021
BNF opened higher and got rejected from the area where PE writers failed the earlier day i.e 36,276F from where good call writing came in breaking all the previous supports.
This call writing went on till 36024F so once that’s broken and the upmove starts to sustain above 36024F call writers might start covering.
Notably Not much PE writing was seen in BNF today, all the activity is on the call side.