16176-16182F – Support
16040F – Support
16410F – Singles area buying support from 13/8
16482F – PBL from 17/8 where shakeout happened.
16615F – VWAP of 18/8
Note: When market tests these levels and show the expected behaviour i.e. holding a support or not crossing a resistance that combined with a datapoint becomes a valid trigger for a trade.
16654-668F PE buying from 18/8
16473-498F PE writing from 13/8
16285-320F – PE writers from 12/8
Note : These references are from the open interest data and data across the strikes from current weekly expiry is considered for these references.
Open of today was as expected towards 16700 and whcih was followed by PE writers who are late to the game and have failed badly which becomes crucial to track for the near term.
As per data 16654-670F can act as supply zone for the near term.