Cummins India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 2,500 | ₹— | 16.2% | — | — | — |
| — | — | — | —% | ₹— | 2,600 | ₹— | 15.3% | — | — | — |
| — | — | — | —% | ₹— | 2,700 | ₹— | 14.5% | — | — | — |
| — | — | — | —% | ₹— | 2,800 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 2,900 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 3,000 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 3,100 | ₹— | 11.4% | — | — | — |
| — | — | — | —% | ₹— | 3,200 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 3,250 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 3,300 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 3,350 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹636.20 | 3,400 | ₹55.85 | —% | — | — | — |
| — | — | — | —% | ₹— | 3,450 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹559.20 | 3,500 | ₹77.30 | —% | — | — | — |
| — | — | — | —% | ₹— | 3,550 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹487.50 | 3,600 | ₹104.10 | —% | — | — | — |
| — | — | — | —% | ₹— | 3,650 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹421.20 | 3,700 | ₹136.25 | —% | — | — | — |
| — | — | — | —% | ₹— | 3,750 | ₹— | 7.3% | — | — | — |
| 5K | 0 | — | —% | ₹1330.00 | 3,800 | ₹0.70 | —% | 200 | 0 | 7K |
| — | — | — | —% | ₹— | 3,850 | ₹— | 6.7% | — | — | — |
| 400 | 0 | — | —% | ₹678.35 | 3,900 | ₹0.95 | 80.5% | 600 | 0 | 6K |
| 400 | 0 | — | —% | ₹620.00 | 3,950 | ₹28.70 | —% | — | +400 | 400 |
| 3K | 0 | — | —% | ₹1142.00 | 4,000 | ₹1.45 | 74.2% | 1K | 0 | 16K |
| — | — | — | —% | ₹927.65 | 4,050 | ₹21.00 | —% | — | — | — |
| 2K | 0 | — | —% | ₹685.00 | 4,100 | ₹1.50 | 72.5% | — | 0 | 4K |
| — | — | — | —% | ₹838.70 | 4,150 | ₹34.50 | 119.9% | — | 0 | 2K |
| — | — | — | —% | ₹179.10 | 4,200 | ₹1.80 | 62.9% | 10K | -400 | 17K |
| — | — | — | —% | ₹752.95 | 4,250 | ₹1.95 | 59.6% | 4K | -200 | 1K |
| 4K | 0 | 200 | —% | ₹950.00 | 4,300 | ₹2.25 | 59.5% | 1.1 L | -1K | 22K |
| — | — | — | —% | ₹671.05 | 4,350 | ₹2.55 | 56.8% | 31K | 0 | 3K |
| 12K | 0 | — | —% | ₹799.00 | 4,400 | ₹3.30 | 54.5% | 2.7 L | +9K | 25K |
| 400 | 0 | — | —% | ₹598.45 | 4,450 | ₹3.75 | 53.1% | 17K | -3K | 11K |
| 33K | 0 | 200 | —% | ₹700.00 | 4,500 | ₹4.10 | 51.0% | 31K | -8K | 72K |
| 21K | 0 | — | —% | ₹654.25 | 4,550 | ₹5.60 | 48.3% | 13K | +400 | 61K |
| 51K | 0 | 400 | —% | ₹656.40 | 4,600 | ₹5.60 | 46.3% | 21K | +3K | 49K |
| 62K | 0 | 200 | —% | ₹590.00 | 4,650 | ₹6.95 | 44.3% | 7K | -1K | 30K |
| 52K | 0 | — | —% | ₹480.00 | 4,700 | ₹8.80 | 42.5% | 64K | -5K | 1.0 L |
| 11K | 0 | 2K | 34.8% | ₹408.30 | 4,750 | ₹12.05 | 40.6% | 5K | -800 | 8K |
| 28K | -1K | 12K | 42.3% | ₹358.30 | 4,800 | ₹13.30 | 39.3% | 52K | -2K | 30K |
| 25K | 0 | — | —% | ₹360.00 | 4,850 | ₹19.35 | 37.0% | 29K | +3K | 75K |
| 38K | -400 | 7K | 43.4% | ₹278.95 | 4,900 | ₹27.25 | 36.4% | 1.1 L | -11K | 72K |
| 11K | 0 | — | —% | ₹246.05 | 4,950 | ₹34.75 | 35.3% | 70K | +2K | 22K |
| 85K | -7K | 47K | 37.2% | ₹181.60 | 5,000 | ₹48.00 | 34.8% | 2.4 L | +5K | 70K |
| 24K | -800 | 5K | 34.0% | ₹154.25 | 5,050 | ₹58.05 | 35.5% | 61K | +4K | 35K |
| 92K | +5K | 1.4 L | 35.1% | ₹118.05 | 5,100 | ₹83.25 | 33.9% | 2.5 L | +3K | 57K |
| 68K | +4K | 1.8 L | 35.4% | ₹95.10 | 5,150 | ₹109.55 | 34.2% | 1.3 L | -8K | 31K |
| 1.7 L | -1.0 L | 9.1 L | 35.0% | ₹72.25 | 5,200ATM | ₹140.00 | 33.8% | 2.4 L | +7K | 41K |
| 81K | +49K | 4.6 L | 35.6% | ₹53.55 | 5,250 | ₹163.20 | 35.2% | 1.1 L | +18K | 25K |
| 1.3 L | +66K | 7.3 L | 35.7% | ₹41.80 | 5,300 | ₹202.00 | 35.1% | 43K | +9K | 16K |
| 13K | -2K | 70K | 35.1% | ₹32.25 | 5,350 | ₹515.45 | 147.1% | — | — | — |
| 63K | +11K | 2.1 L | 35.7% | ₹22.15 | 5,400 | ₹296.20 | 41.2% | 4K | +600 | 4K |
| 32K | +9K | 62K | 36.1% | ₹16.15 | 5,450 | ₹589.40 | 151.6% | — | — | — |
| 1.6 L | +13K | 3.0 L | 36.7% | ₹11.85 | 5,500 | ₹500.00 | 110.1% | — | 0 | 2K |
| 14K | +7K | 26K | 36.9% | ₹8.55 | 5,550 | ₹666.95 | 156.2% | — | — | — |
| 46K | -400 | 46K | 37.8% | ₹5.90 | 5,600 | ₹1592.35 | 458.5% | — | — | — |
| 2K | 0 | 600 | 38.9% | ₹4.65 | 5,650 | ₹748.05 | 161.3% | — | — | — |
| 17K | +7K | 22K | 37.9% | ₹3.30 | 5,700 | ₹505.95 | 48.8% | — | 0 | 400 |
| 2K | -400 | 5K | 36.9% | ₹3.60 | 5,750 | ₹832.25 | 166.6% | — | — | — |
| 11K | -1K | 12K | 39.7% | ₹1.80 | 5,800 | ₹1786.55 | 478.5% | — | — | — |
| 4K | +200 | 4K | 39.4% | ₹1.80 | 5,850 | ₹919.05 | 172.1% | — | — | — |
| — | — | — | 2.7% | ₹— | 5,900 | ₹— | —% | — | — | — |
| — | — | — | 2.9% | ₹— | 5,950 | ₹— | —% | — | — | — |
| — | — | — | 3.1% | ₹— | 6,000 | ₹— | —% | — | — | — |
| — | — | — | 3.3% | ₹— | 6,050 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 6,100 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 6,150 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 6,200 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 6,250 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 6,300 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 6,350 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 6,400 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 6,450 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 6,500 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 6,550 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 6,600 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 6,700 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 6,800 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 6,900 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 7,000 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 7,100 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 7,200 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 7,300 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong resistance forms at ₹5300, where highest call OI resides, while immediate support clusters at ₹5250, backed by dual concentration in both put and call OI. The psychological ₹5400 level also shows minor resistance buildup. Combined, this establishes a near-term trading range between ₹5250 and ₹5300.
OI Buildup Activity
Fresh longs emerge in 5300 CE with massive OI addition of +66,400, signaling aggressive call buying as near-term upside bets. Concurrently, 5250 CE and PE both see substantial OI builds (+48,800 and +18,400 respectively), indicating gamma-heavy two-way interest around this pivotal strike. Put writers are anchoring at 4400 PE (+11,000 OI), suggesting deep-out-of-money support is being sold confidently.
Volatility Read
ATM IV at 34.74% reflects heightened hedging demand, with skew tilted bearish—underscoring put-side premium strength and defensive posture. Elevated skew confirms underlying caution despite structural bullishness in call writing.
Strategy Implication
Bias leans cautiously bullish with writers defending 5250–5300, setting up range-bound premium collection with event risk to the upside.