Tata Elxsi Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 2,500 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 2,600 | ₹— | —% | — | +500 | 625 |
| 0 | 0 | — | —% | ₹— | 2,650 | ₹— | —% | — | -750 | 125 |
| 0 | 0 | — | —% | ₹— | 2,700 | ₹— | —% | — | -1K | 750 |
| 0 | 0 | — | —% | ₹— | 2,750 | ₹— | —% | — | 0 | 375 |
| 0 | 0 | — | —% | ₹— | 2,800 | ₹— | —% | — | -250 | 3K |
| 0 | 0 | — | —% | ₹— | 2,850 | ₹— | —% | — | -250 | 2K |
| 0 | 0 | — | —% | ₹— | 2,900 | ₹— | —% | — | -5K | 3K |
| 0 | 0 | — | —% | ₹— | 2,950 | ₹— | —% | — | 0 | 125 |
| 1K | 0 | — | —% | ₹— | 3,000 | ₹— | —% | — | +7K | 42K |
| 125 | 0 | — | —% | ₹— | 3,050 | ₹— | —% | — | 0 | 0 |
| 3K | 0 | — | —% | ₹— | 3,100 | ₹— | —% | — | +7K | 11K |
| 0 | 0 | — | —% | ₹— | 3,150 | ₹— | —% | — | +3K | 3K |
| 18K | 0 | — | —% | ₹— | 3,200 | ₹— | —% | — | +4K | 10K |
| 3K | 0 | — | —% | ₹— | 3,250 | ₹— | —% | — | +250 | 2K |
| 4K | 0 | — | —% | ₹— | 3,300 | ₹— | —% | — | -4K | 13K |
| 0 | 0 | — | —% | ₹— | 3,350 | ₹— | —% | — | +4K | 4K |
| 8K | -125 | — | —% | ₹— | 3,400 | ₹— | —% | — | -8K | 17K |
| 5K | 0 | — | —% | ₹— | 3,450 | ₹— | —% | — | +3K | 8K |
| 23K | -500 | — | —% | ₹— | 3,500 | ₹— | —% | — | +3K | 23K |
| 250 | 0 | — | —% | ₹— | 3,550 | ₹— | —% | — | -125 | 7K |
| 17K | -7K | — | —% | ₹— | 3,600 | ₹— | —% | — | +18K | 65K |
| 0 | 0 | — | —% | ₹— | 3,650 | ₹— | —% | — | +2K | 21K |
| 47K | +14K | — | —% | ₹— | 3,700 | ₹— | —% | — | +12K | 38K |
| 13K | +6K | — | —% | ₹— | 3,750 | ₹— | —% | — | +7K | 11K |
| 61K | +7K | — | —% | ₹— | 3,800ATM | ₹— | —% | — | +4K | 36K |
| 7K | -125 | — | —% | ₹— | 3,850 | ₹— | —% | — | +2K | 5K |
| 70K | +24K | — | —% | ₹— | 3,900 | ₹— | —% | — | +375 | 4K |
| 5K | +750 | — | —% | ₹— | 3,950 | ₹— | —% | — | 0 | 250 |
| 68K | -125 | — | —% | ₹— | 4,000 | ₹— | —% | — | 0 | 5K |
| 10K | +4K | — | —% | ₹— | 4,050 | ₹— | —% | — | +500 | 750 |
| 26K | +11K | — | —% | ₹— | 4,100 | ₹— | —% | — | 0 | 2K |
| 8K | +5K | — | —% | ₹— | 4,150 | ₹— | —% | — | 0 | 0 |
| 26K | +4K | — | —% | ₹— | 4,200 | ₹— | —% | — | 0 | 3K |
| 30K | +7K | — | —% | ₹— | 4,300 | ₹— | —% | — | 0 | 24K |
| 5K | +5K | — | —% | ₹— | 4,400 | ₹— | —% | — | 0 | 2K |
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 cluster concentrates around the 3700‑4100 zone for calls and the 3000‑3700 zone for puts, suggesting a market‑defined price corridor of roughly ₹3,600‑₹4,150 for the underlying. This clustering reflects trader consensus on near‑term valuation and implies that price movements outside this band may encounter significant liquidity resistance. The highest call open interest sits at the 3700 strike with 1,500 contracts, acting as a near‑term resistance; such a concentration often deters bullish breakout attempts unless accompanied by substantial volume. Conversely, the 3700 put carries an equal 1,500 contract open interest, forming a parallel support hinge; the symmetry suggests a balanced hedging posture among market participants.
OI Buildup Activity
During the latest session, fresh call open interest rises sharply at 3900 (+24,250), 3700 (+14,125) and 4100 (+10,750), indicating aggressive new writing at those levels. These increments represent a net addition of roughly 49,125 contracts, highlighting aggressive speculative writing. Put side accumulation mirrors this pattern with additions at 3600 (+17,625), 3700 (+11,500) and 3000 (+7,625), reflecting defensive positioning; such defensive layering aims to protect underlying exposure as implied volatility trends upward. The simultaneous influx on both sides points to heightened hedging activity as the expiry approaches; it also indicates that market makers are rebalancing delta exposure across the strike spectrum.
Volatility Read
The at‑the‑money implied volatility stands at 27.76%, a modest elevation relative to the one‑month historical norm; this level suggests a tempered risk premium despite recent earnings volatility. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than equivalent puts; such a skew typically signals market expectation of limited upside and stronger downside protection demand.
Key OI Levels
The strikes with the largest open‑interest concentrations are 3700 for both calls and puts, each holding 1,500 contracts.