Date-30/12/2022
CMP-613.70
Stock trying to move highs with low volumes as per above data.
OI Data-Jan 2023
As per OI Data as on 30/12/2022 total calls-16389 and total puts-13,349
Put Call Ratio=0.81 it indicates bearishness.
Resistance:
Call Strikes= 620(2226 contracts) and 630(2015 contracts)
Support:
Put Strikes=600(2375 contracts) and 580(1889 contracts)
Opinion:
OI Data suggesting stock bearishness and stock also moving high's with low volume.Whoever wants to buy wait for sometime add in tranches.Whoever holding stocks book some profit and reenter at lower prices.
Important:In Jan Q3 Results and Budget sessions will majorly effect Banking stocks.Whoever wants to take any position be carefully analyze the data.
Note:This is my opinion,Please analyze data properly and take positions.No one is responsible for your loss except you.