Bharat Forge Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,440 | ₹— | —% | — | +7K | 7K |
| 0 | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | +45K | 46K |
| 0 | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | +7K | 10K |
| 0 | 0 | — | —% | ₹— | 1,540 | ₹— | —% | — | -7K | 10K |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | -1K | 24K |
| 0 | 0 | — | —% | ₹— | 1,580 | ₹— | —% | — | +8K | 22K |
| 2K | 0 | — | —% | ₹— | 1,600 | ₹— | —% | — | +500 | 80K |
| 0 | 0 | — | —% | ₹— | 1,620 | ₹— | —% | — | +8K | 12K |
| 0 | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | +5K | 57K |
| 0 | 0 | — | —% | ₹— | 1,660 | ₹— | —% | — | 0 | 10K |
| 3K | 0 | — | —% | ₹— | 1,680 | ₹— | —% | — | -500 | 17K |
| 1.2 L | +500 | — | —% | ₹— | 1,700 | ₹— | —% | — | +13K | 2.2 L |
| 25K | -500 | — | —% | ₹— | 1,720 | ₹— | —% | — | +2K | 66K |
| 32K | +3K | — | —% | ₹— | 1,740 | ₹— | —% | — | +13K | 54K |
| 61K | +43K | — | —% | ₹— | 1,760 | ₹— | —% | — | +28K | 75K |
| 52K | +8K | — | —% | ₹— | 1,780 | ₹— | —% | — | +1K | 4K |
| 8.8 L | +2.1 L | — | —% | ₹— | 1,800ATM | ₹— | —% | — | +4K | 2.7 L |
| 48K | +8K | — | —% | ₹— | 1,820 | ₹— | —% | — | 0 | 41K |
| 17K | +2K | — | —% | ₹— | 1,840 | ₹— | —% | — | 0 | 11K |
| 31K | -1K | — | —% | ₹— | 1,860 | ₹— | —% | — | 0 | 8K |
| 10K | 0 | — | —% | ₹— | 1,880 | ₹— | —% | — | 0 | 15K |
| 1.4 L | -10K | — | —% | ₹— | 1,900 | ₹— | —% | — | +3K | 85K |
| 19K | +9K | — | —% | ₹— | 1,920 | ₹— | —% | — | 0 | 8K |
| 37K | +31K | — | —% | ₹— | 1,940 | ₹— | —% | — | 0 | 2K |
| 22K | +2K | — | —% | ₹— | 1,960 | ₹— | —% | — | 0 | 1K |
| 26K | +8K | — | —% | ₹— | 1,980 | ₹— | —% | — | 0 | 2K |
| 89K | -6K | — | —% | ₹— | 2,000 | ₹— | —% | — | 0 | 1.0 L |
| 37K | +29K | — | —% | ₹— | 2,020 | ₹— | —% | — | 0 | 7K |
| 6K | 0 | — | —% | ₹— | 2,040 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 2,060 | ₹— | —% | — | 0 | 0 |
| 77K | +58K | — | —% | ₹— | 2,080 | ₹— | —% | — | 0 | 0 |
| 66K | +39K | — | —% | ₹— | 2,100 | ₹— | —% | — | 0 | 1.1 L |
| 10K | 0 | — | —% | ₹— | 2,120 | ₹— | —% | — | 0 | 5K |
| 3K | 0 | — | —% | ₹— | 2,160 | ₹— | —% | — | 0 | 0 |
| 22K | +3K | — | —% | ₹— | 2,200 | ₹— | —% | — | 0 | 16K |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
The open‑interest pool clusters around the 1760‑₹ strike, where the at‑the‑money call sits, and the 1480‑₹ strike, the primary put support level. This concentration creates a derived price corridor of roughly ₹1480–₹2080, with the bulk of contracts betting on movement inside that band. The implied range, derived from the highest OI strikes, suggests market participants expect the underlying to oscillate within this 600‑point window through expiry.
OI Buildup Activity
Fresh open interest adds of 42,500 contracts at the 1760 call and 58,000 contracts at the 2080 call indicate aggressive new positioning on the upside. On the downside, the 1480 put absorbs a fresh 45,000 contracts, while the 1740 and 1760 puts gain 13,500 and 27,000 contracts respectively, showing renewed hedging activity. The net effect is a balanced influx of both call and put writers, reinforcing the existing resistance at 1760 and support at 1480.
Volatility Read
The at‑the‑money implied volatility stands at 31.87%, reflecting moderate pricing of forward uncertainty. The skew is bearish, as out‑of‑the‑money puts carry slightly higher implied volatilities than comparable calls.
Key OI Levels
The highest call open interest sits at the 1760 strike (1000 contracts) and the highest put open interest at the 1480 strike (1000 contracts).