Live OI DATA DECODE 👇

Nifty rallied ~800 pts (23123 → 23936), but structure isn’t bullish. Put side: 23800–23900 saw highest additions, but writing is scattered (23500–23750) → cushion, not conviction. Call side: Heavy, targeted writing at 24000, followed by 24100–24300 → clear supply wall. Despite rally, no major call unwinding, instead fresh calls added → rally is being sold into. PCR 1.3 looks bullish, but it’s inflated by passive put writing → false comfort. Zones: Support: 23800–23750 Resistance: 24000 Supply: 24000–24300 Setup: Sell on rise near 24000. Only a strong break above 24000 triggers short covering. Conclusion: Downside protected, upside capped. This is controlled distribution, not strength.