MARKETS WILL DO THINGS LEAST EXPECTED SO AS TO CAUSE MAXIMUM PAIN
THE RANGE WAS RESOLVED TODAY AND ACTED AS A BEAR TRAP
5385 WILL BE THE IMP. LEVEL TO WATCH
OPEN INTEREST ANALYSIS STILL SHOWS UPSIDE CAP AT 5500
7 comments:
Dear AAR VEE,
Really nice
Hi..Aarvee,
Please verify the price action few months ago when the 5200PE was above 1cr in OI (Record high at that time) and market did go towards it but did not dip below that. Also check that month's settlement close.
A lot can happen in 5 days.
Your OI analysis helped to know the possibilities.
By keeping two boundaries, big money is playing on CE & PE of 5400. If one side unwinding takes place in any one of 5400 series isn't enough but one of the 5300 or 5500 should show an unwinding for some thing big to happen.
If not the range may just shift by 100 points.
Mynac,
Thanks for the comment and the mail
Dear Ilango sir,
Thanks for the comments
I have sent a mail for old option data.
yes its true that range still is 5300-5500 as per O.I. and no side giving way.It may well expire between 5400-5500 as the max pain may shift to this range.
Aarvee,
5385 acted as a good pivot for this week.. anyhow, we have broken the range and hope we will get some trading range and no more sideways till expiry..
pls keep us updated on OI front..as it would help us lot..
Dear AAR VEE,
I am holding 5200 august puts @ 100
now it trading @ 42. Is their any chances of market correcting & I getting my prices..
RV, its on the pin head, u hav given,
so now it is 5500 borders.
needs a watch,
that 5400put add and reduction of 5300put said something in the bully direction.
thanks. keep it rolling,
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