Interesting Data Emerging in Nifty 📊
An interesting development has just emerged in the Nifty Option Chain.
24,050–24,100 remains a crucial support zone for today, and a close above 24,100 would be important.
A close above 24,230 would be considered a decent and positive closing, in my view.
Now, look at the latest data:
🔹 24,100: Highest Put OI addition — around 1.62 lakh contracts added today. This could act as an important support zone and create a potential buying opportunity.
🔹 24,200: Even more interesting — the highest Put OI addition is around 1.32 lakh contracts, which is a positive sign for the bulls.
At the same time, 24,200 also has the highest Call Writing, with around 93,000 contracts added today.
This makes 24,200 a very important battleground between bulls and bears.
If Nifty manages to close above 24,230, it could trigger short covering, potentially pushing Nifty towards 24,320–24,350.
Key levels:
🟢 24,050–24,100 → Crucial Support
🟡 24,200 → Key Battleground
🚀 24,230+ → Positive Closing + Short-Covering Zone
🎯 24,320–24,350 → Potential Upside Zone
1August 28, 2026 108
