Munafa BIOCON (target) price & Options chain analysis (Biocon Limited) Option chain analysis (BIOCON) 31 Thu July Expiry Which Call CE or PUT PE options to buy or sell in Biocon Limited BIOCON
BIOCON Option Chain Data Analysis for Biocon Limited BIOCON option chain
Maximum Call writing has been for strikes: 400 380 360 375
Until yesterday Maximum Call writing has been for strikes: 400 380 360 370
Open Interest of Call writers for the options of Biocon Limited BIOCON is shifting upwards. This would mean that markets are moving in an upward directions. Buying Calls and CE of Biocon Limited might be more profitable. However, avoid buying CE of strikes higher than ones listed above, as these will serve as resistance
Maximum Put writing has been for strikes: 350 360 370 330
Until yesterday Maximum Put writing has been for strikes: 360 370 350 330
Open Interest of PUT writers for the options of Biocon Limited BIOCON is shifting downwards. This would mean that markets are slowly moving downwards, and buying PUTS and PE might be more profitable. However, above mentioned levels will serve as support so avoid buying PE below those above mentioned levels.
Stock is in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Biocon Limited BIOCON at this time.
It appears as if Biocon Limited BIOCON gave a large move recently.
Stock of Biocon Limited (BIOCON) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might move higher!
My analysis of Biocon Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Biocon Limited stays above 371.7, but if it comes below 371.7, then a intra day sell could be more profitable. If you take a sell trade below 371.7, then use 371.7 as stoploss and 360.62 as target. However if you take a buy trade in Biocon Limited, then use 371.7 as stoploss and 384.9 as target.
Biocon Limited BIOCON Option Chain, OTM CE, ITM PE
Below is full option chain of Biocon Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.
Biocon Limited BIOCON Option Chain, ITM CE, OTM PE
Below is full option chain of Biocon Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.