11,561 remains key resistance for Nifty

The intraday value of the weekly 11,500 straddle call and put was Rs 141 a share intraday. The option sellers make money so long as Nifty remains within the 11,359-11,641 range.

Agencies
The intraday value of the weekly 11,500 straddle call and put was Rs 141 a share intraday. The option sellers make money so long as Nifty remains within the 11,359-11,641 range.
Option traders sold sizeable quantities of call and put options at the 11,500 strike intraday, which pegs the weekly Nifty range for the day at 11,359-11,641.

The 11,500 call expiring on September 17 had the highest open interest of 34.14 lakh shares (75 shares make one contract) intraday Tuesday, implying that 11,561.5 remains a key resistance for Nifty.

The weekly put with the highest OI remained 11,400 intraday.


The intraday value of the weekly 11,500 straddle call and put was Rs 141 a share intraday. The option sellers make money so long as Nifty remains within the 11,359-11,641 range.

Siemens, Idea and Titan saw the highest spurts in open interest intraday Tuesday.
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