Derivative Insights - June 9, 2020 - Geojit

Nifty Outlook

Yesterday, we had pointed out the emergence of bearish bias, and had stayed guarded in the upside expectations. Along with 12000, 11000 and 10900 call strikes have also begun to see short build up .Beyond 10900, build up is along longs until 10000 which is attracting shorts. 10500 is the most active, while call longs were added the most at 10400. Puts continued to attract shorts, with 10300 attracting the most, while 10,000 was seen as the most active. In all, range expectation is on the narrow side positive bias continue.

Source : Equity Bulls

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