Nifty moving high with positive bias. No sign of weakness. its in rising channel from March 2020.
Total Put OI - 62,950,125
Total Call OI - 43,130,100
Put Volume - 29 Lakhs and Call Volume - 27 lakhs
Heavy amount of Put writing vs Call Writing
Bullish Bias until trend reversal. Rising Channel top may be near.
Trade catiously on the down side.
Calls are attractive to sell where as puts are very costly for this week.
Looking to sell 13400 Puts and 14500 Calls of next week
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