Option activity at 90 strike has seen unwinding of open interest with highest trading volms. This may be viewed as CALL writers are closing their short positions at 90 strike. We can see highest additions of Open Interest on both CALL & PUT side at 80 strike this means IDFC is likely to spend more time between 75-85 levels.
IDFC may give upside breakout if it closes above 81 for a target of 85-89-94-99. There is a gap to be filled between 90 & 94 so expecting it to bounce if overall market remains positive.
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