Bharat Forge Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 920 | ₹— | 15.6% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 14.7% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 13.8% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 1,080 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 1,120 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 1,160 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 1,180 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 1,200 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 1,220 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 1,240 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 1,260 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹— | 1,280 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 1,300 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹165.70 | 1,320 | ₹47.00 | —% | — | — | — |
| — | — | — | —% | ₹— | 1,340 | ₹— | 7.3% | — | — | — |
| — | — | — | —% | ₹141.00 | 1,360 | ₹61.65 | —% | — | — | — |
| — | — | — | —% | ₹— | 1,380 | ₹— | 6.7% | — | — | — |
| — | — | — | —% | ₹118.85 | 1,400 | ₹0.45 | —% | 12K | -9K | 21K |
| — | — | — | —% | ₹— | 1,420 | ₹— | 6.1% | — | — | — |
| 35K | 0 | — | —% | ₹350.00 | 1,440 | ₹0.65 | 78.7% | — | 0 | 25K |
| 9K | 0 | — | —% | ₹346.65 | 1,460 | ₹0.65 | 75.0% | — | 0 | 6K |
| 3K | 0 | — | —% | ₹373.35 | 1,480 | ₹2.20 | 85.5% | — | 0 | 11K |
| 25K | 0 | — | —% | ₹250.00 | 1,500 | ₹0.55 | 72.4% | 20K | 0 | 1.2 L |
| 2K | 0 | — | —% | ₹340.35 | 1,520 | ₹1.00 | 68.1% | — | 0 | 24K |
| 9K | 0 | — | —% | ₹316.25 | 1,540 | ₹1.00 | 64.3% | — | 0 | 33K |
| 6K | 0 | — | —% | ₹284.55 | 1,560 | ₹0.75 | 64.5% | 5K | -3K | 35K |
| — | — | — | 117.2% | ₹313.30 | 1,580 | ₹2.00 | 63.7% | — | 0 | 35K |
| 55K | -500 | 3K | —% | ₹303.00 | 1,600 | ₹0.90 | 60.0% | 31K | -14K | 1.1 L |
| 26K | 0 | — | —% | ₹180.95 | 1,620 | ₹1.05 | 56.6% | 500 | 0 | 46K |
| 35K | 0 | — | —% | ₹220.00 | 1,640 | ₹1.25 | 55.0% | 3K | -1K | 54K |
| 44K | 0 | — | 49.4% | ₹212.00 | 1,660 | ₹1.50 | 53.0% | 9K | +500 | 63K |
| 39K | 0 | — | —% | ₹175.00 | 1,680 | ₹1.40 | 48.3% | 7K | -4K | 62K |
| 1.3 L | -21K | 28K | —% | ₹206.35 | 1,700 | ₹1.60 | 46.7% | 84K | -14K | 1.7 L |
| 84K | 0 | — | —% | ₹142.00 | 1,720 | ₹2.10 | 45.0% | 19K | -12K | 55K |
| 1.4 L | -500 | 2K | —% | ₹160.35 | 1,740 | ₹2.70 | 43.4% | 72K | +16K | 1.4 L |
| 78K | 0 | 3K | —% | ₹144.40 | 1,760 | ₹3.25 | 41.0% | 65K | -2K | 97K |
| 2.7 L | 0 | 4K | —% | ₹124.60 | 1,780 | ₹4.30 | 39.1% | 98K | -11K | 64K |
| 4.1 L | -3K | 59K | —% | ₹110.00 | 1,800ATM | ₹5.90 | 38.3% | 2.4 L | +36K | 2.4 L |
| 72K | -3K | 12K | —% | ₹88.70 | 1,820 | ₹8.60 | 37.5% | 1.4 L | 0 | 90K |
| 1.1 L | -69K | 1.5 L | —% | ₹76.60 | 1,840 | ₹12.35 | 37.7% | 2.0 L | -4K | 1.0 L |
| 1.2 L | -27K | 1.3 L | 23.0% | ₹62.30 | 1,860 | ₹17.55 | 37.7% | 2.5 L | +10K | 1.4 L |
| 91K | -7K | 2.9 L | 23.5% | ₹47.65 | 1,880 | ₹24.80 | 38.5% | 1.4 L | +30K | 88K |
| 3.3 L | +1.0 L | 8.9 L | 26.1% | ₹38.45 | 1,900 | ₹33.00 | 38.4% | 2.3 L | +67K | 1.2 L |
| 1.2 L | +72K | 3.4 L | 27.3% | ₹28.80 | 1,920 | ₹43.00 | 39.1% | 13K | +7K | 7K |
| 82K | -7K | 2.4 L | 28.5% | ₹21.15 | 1,940 | ₹57.00 | 40.5% | 16K | +2K | 10K |
| 95K | +20K | 1.9 L | 29.3% | ₹15.30 | 1,960 | ₹73.25 | 42.7% | 5K | +2K | 2K |
| 1.5 L | +39K | 1.2 L | 29.4% | ₹10.35 | 1,980 | ₹91.00 | 44.5% | 2K | +1K | 1K |
| 1.7 L | +28K | 3.7 L | 30.2% | ₹7.30 | 2,000 | ₹108.50 | 47.4% | 3K | -1K | 8K |
| 29K | +6K | 27K | 30.9% | ₹4.95 | 2,020 | ₹200.05 | 98.5% | — | — | — |
| 42K | +1K | 27K | 32.1% | ₹3.50 | 2,040 | ₹433.40 | 309.0% | — | — | — |
| 18K | -500 | 6K | 33.2% | ₹2.60 | 2,060 | ₹228.95 | 97.2% | — | — | — |
| 6K | +500 | 2K | 34.6% | ₹1.80 | 2,080 | ₹631.60 | 470.4% | — | — | — |
| — | — | — | 2.6% | ₹— | 2,100 | ₹— | —% | — | — | — |
| 3.1 L | +2K | 88K | 37.9% | ₹1.25 | 2,120 | ₹406.00 | 231.9% | — | 0 | 9K |
| — | — | — | 3.0% | ₹— | 2,140 | ₹— | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 2,160 | ₹— | —% | — | — | — |
| — | — | — | 3.4% | ₹— | 2,180 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 2,200 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 2,220 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 2,240 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 2,260 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 2,280 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 2,300 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 2,320 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 2,340 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 2,360 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 2,400 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 2,440 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 2,480 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 2,520 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 2,560 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 2,600 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Resistance locks in at ₹1980, where maximum call OI clusters, capping upside momentum. Immediate support forms at ₹1800, backed by dominant put OI, while ₹1900 emerges as a pivotal two-way battleground. The implied trading range centers on ₹1880–₹1980, with convergence at round numbers reflecting strong magnetism.
OI Buildup Activity
Fresh long calls flood into ₹1900 and ₹1920, signaling aggressive call buying as writers anticipate upside breakouts past current spot. The ₹1980 strike absorbs heavy call OI addition, suggesting writers are anchoring against a swift rally beyond that level. On the put side, strong builds at ₹1900 and ₹1880 indicate defensive long puts, with fresh longs bracing for downside drift, while ₹1800 remains the last line of put-dominant support.
Volatility Read
ATM IV at 26.64% reflects elevated premium appetite amid event-risk buildup, supporting option seller caution. A bearish skew confirms put demand is outpacing calls, highlighting hedging bias and risk-off sentiment near-term.
Strategy Implication
The structure favors short premium strategies with a bias toward call spreads, anchored near ₹1980, as writers test upside resolution.