16722F – Single print selling area from 25/8
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.
16680-690F CE selling from 26/8
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 within the previous day’s range and the day started with both sided writing and the rest of the day action was rangebound.
In the coming week expiry we did see call writing coming in when NF was trading at higher levels of 16680F-16690F.
Levels to watch are the supply zone of 16680-16690F
A test of 16530 might be likely if data supports from tomorrow.