From the options space, significant Call writing can be seen at ATM strikes with total open interest of more than 1 cr shares at both 17900 and 18000 Call strikes. For the first time during the series, we are witnessing higher Call writing than the Put bases. Hence one can expect some consolidation below 18000 during settlement and fresh up leg might be seen only if Nifty moves above these levels.
Expect a big move in metals; stick to quality largecaps: Gautam Shah
Gautam Shah of Goldilocks Premium Research suggests gold may consolidate after reaching a short-term peak. He anticipates a significant rally in metals, forecasting the metals
May 13, 2025