#GLENMARK gains 1.5%, since we posted

RBI Policy Update, Repo Rate remains unchanged

Monetary Policy Committee maintain Repo Rate unchanged at 4%. From 10:00 AM onwards, NIFTY & BANKNIFTY trading flat. From 10:00 AM onwards Vital 38000 CE witnessed an addition of around 2.5L shares, 38000 PE witnessed an addition of 6.5L shares. Closely observe the changes in OI Levels from custom time & gauge participants sentiments. QuantsApp : BANKNIFTY BANKNIFTY OPEN INTEREST: https://web.quantsapp.com/s?id=63661&k=2524

Heading into the weekend, know the Theta effect.

NIFTY 17900 Straddle quoting around a premium of 220. By Monday 10 AM, if Nifty & IV remains at same level, it can lose up to 20% in premium due to Theta Decay. Navigate here to simulate the effect of Price, Theta & IV on the Option Premium. QuantsApp: https://web.quantsapp.com/option-chain?symbol=NIFTY&expiry=14-Oct-21

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Short Coverings seen on multiple CE strikes through Synopsis Option OI indicates a broken resistance, further peeping in to Open interest, majority of CE strikes from 7600 CE to 8000CE has observed short coverings except 7700 CE which will act like a key level further continuation of short coverings might propel the up move. Closely observe the changes in OI levels here.QuantsApp : MARUTI MARUTI OPEN INTEREST
https://web.quantsapp.com/s?id=63753&k=3447
Want to know which other strikes have witnessed highest Short Coverings navigate here. QuantsApp : SYNOPSIS >> OPTIONS OI
https://web.quantsapp.com/s?id=63754&k=2489

Will Reliance breakout 2700? Reliance trading at MAX CE OI strike and today around -5% shedding witnessed on 2700 CE strike hinting of weaker resistance CE OI addition seen on 2800 CE, also instrument didn’t witnessed major Short Built Ups in FUT seen through FUTOI-H further more Longs & SHort Coverings on 2700 CE strike might propel the up move. Closely observe the changes in OI Levels here. QuantsApp : RELIANCE RELIANCE OPEN INTEREST
https://web.quantsapp.com/s?id=63756&k=2610
Scan the Option breakouts here.
QuantsApp : OPTION TRIGGERS
https://web.quantsapp.com/s?id=63755&k=7460
See the historical strength of the instruments here. QuantsApp : BUILTUP >> SCRIP >> RELIANCE FUTURE OI-H
https://web.quantsapp.com/s?id=63757&k=2141

#MARUTI makes a high of 7707, up by over 1% since we posted. Plot technical chart here.QuantsApp : MARUTI MARUTI 28OCT21 TECHNICAL CHART
https://web.quantsapp.com/s?id=63759&k=9206

VEDL breaking out its MAX CE OI strike, today -12% on unwindings observed on MAX CE OI strike hinting of broken resistance also addition observed on 300 PE hinting of strengthened support. Also historically it has witnessed a good Built Up seen through FUT OI. Navigate here to identify Option breakouts. QuantsApp : OPTION TRIGGERS
https://web.quantsapp.com/s?id=63769&k=6415
Check the changes in OI Levels from custom time. QuantsApp : VEDL VEDL OPEN INTEREST
https://web.quantsapp.com/s?id=63770&k=2464
Check the historical strength here. QuantsApp : BUILTUP >> SCRIP >> VEDL FUTURE OI-H
https://web.quantsapp.com/s?id=63771&k=9659

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Short Coverings on EICHERMOT 2900 CE hinting of resistance being broken, CE OI addition directly seen on 3000 CE the MAX CE OI strike, further short coverings on 2900 CE might propel the up move. Further the instrument has witnessed striong strength seen through FUT OI-H. Navigate here to check the historical strength of the instrument here. QuantsApp : BUILTUP >> SCRIP >> EICHERMOT FUTURE OI-H
https://web.quantsapp.com/s?id=63799&k=3023
Check the changes in OI Levels from custom time here. https://web.quantsapp.com/open-interest/EICHERMOT?symbol=EICHERMOT&expiry=28-Oct-21&from=-&viewMode=chart&chartType=1&removeZero=1&show=3&flagOiChange=3