NiftyFuture opened at 11590 and went up to 11608 then now consolidated around 11590
Seems very highly volatility expect in next 3 hrs ahead of August series expiry day
As per OI data shows, 11500PE seems high OI around 80 lakh and 11700CE seems 60 lakh OI
Maybe index not go below 11500 and if sustains like 11550 – 11580 expecting some short covering up to 11630 and 11675
NF considering a major supports 11540 and 11500
Updated: 11.17 am / 27th Aug 2020
