Important References from Marketprofile
36,276F – Single Print selling area – Previous Resistance where PE writers failed.
35960F-36000F – Support.
35,628F – Single Print Buying area – Support
36252F – Single print selling area resistance supported by Call writers from 16/8
Important References from Open interest data
36252F – Single print selling area resistance supported by Call writers from 16/8
Calls vs Puts Activity from 16th August 2021
BNF opened within previous day’s range and consolidated in a very narrow range for the whole day.
Call writers were active during the day but couldn’t get a move on the price so possibly that move can come as overnight move and a open below 36070F will lead to test of 35868F.
It has to open > 36255 for a gap and directional upmove.