NIFTY50
Max call OI:24,500
Max put OI:24,000
(Ten strikes to ATM, 08 May expiry)
NIFTY50 advanced with minor gains on Monday as optimism around Q4 earnings pulled the indices higher. The FII’s buying spree continued in the equity segment, with the rising long position in the derivative segment. NIFTY50 continued to face the resistance of 24,500 as profit booking emerged at these levels on Monday.

On the technical front, the NIFTY50 negated the inverted hammer pattern by closing above the previous day’s closing levels. The index continues to remain in consolidation mode with little positive bias and small advances. Experts believe a breakout from the range of 24,000-24,500 could decide the next direction for the NIFTY.
On the options front, the 24,500 calls hold the highest open interest, and on the flipside, 24,000 puts hold the highest open interest, indicating resistance and support levels for the 08 May weekly expiry.
SENSEX
Max call OI:
Max put OI:
(Ten strikes to ATM, 06 May expiry)
The benchmark SENSEX gained 0.37% on Monday amid strong gains in Auto stocks. The index continued its consolidation phase for the 9th consecutive day. Experts believe the index to break out from the consolidation range of 80,800 to 81,000 on the expiry day.

Stock scanner
Long build-up: Adani Ports, Shriram Finance, M&M
Short build-up: Kotak Mahindra Bank, SBIN, JSW Steel
Top traded futures contracts: Kotak Mahindra Bank, M&M, SBI
Top traded options contracts: SBIN 820 CE, SBIN 850 CE, SBIN 830 CE
Under F&O ban:
Out of F&O ban: