2.NIFTY HAS BROKEN DOWN RISING WEDGE AND TRENDLINE BOTH-
3.OPTIONS O.I./ PCR &ROLLOVER SHOWS THAT-
A. UPSIDE CAP AT 5500 AND DOWNSIDE AT 5300, AS AT START OF THE WEEK
B. NO. OF CALLS ,71.76 LACS, HAVE EXCEEDED THE PUTS ,60LACS, AT THE STRIKE OF 5400 ,GIVING A LIKELY EXPIRY BELOW 5400
C. THE PUT CALL RATIO IS AT 1.07 ,I.E. ON BEARISH SIDE ,BUT IT IS VERY VOLATILE SINCE LAST WEEK ,SHOWING INDESICION
D. ROLLOVER IN AUGUST FUTURES SINCE LAST THREE DAYS IS BETWEEN THE SMALL RANGE OF 5468-5395 ,THIS RANGE AMOUNTS TO 75% OF TOTAL R.O. OF 2.1 CR. NIFTY FUTURE .
LIKELY RANGE TOMORROW-
KEEPING IN MIND THE ATR(14) OF APPROX. 60 AND ABOVE OBSERVATIONS, NIFTY MAY TRADE BETWEEN 5360-5440, ANY RANGE BREAK WILL BE QUITE VOLATILE
MY BIAS IS FOR A LIKELY EXPIRY BETWEEN 5385-5415.
4 comments:
RV,
thanks for the update.. 5430 resistance is a good input which would help us while doing intra tmw..
Dear AAR VEE,
Very nice and useful O.I.analysis.Thanks.
You have mentioned that 75% OF TOTAL R.O. OF 2.1 CR. NIFTY FUTURE RANGE is 5468-5395.
I would like to add my little bit observation in it that 57% of total R.O. is particularly between 5468-5420 and percentage wise it is huge. So tomorrow’s addition will be deciding factor for next Nifty movements.
Tomorrow,if it will try to go up from today’s closing point then I would like to see Aug.NF’s reaction particularly at 5403,5408 and 5442 where highest I min.high volume trades were registered today.
Aug 5400 PE writing is showing Bulls hesitance. So action packed expire drama is expected tomorrow. Let us see.
mynac,
Thanks for the input.i can add that average vwap of this 75% R.O. is near 5425 in last three days.
Also i dont expect a big action tmrw ,due to tight range of r.o. till now ,and both sides lacking conviction shown in daily change of o.i.
Dear AAR VEE,
I particularly watched it (of course after your previous comment) because it was going up from 5420 every time it came near by there.So I write down the O.I.then for trading purpose.
Thanks again for your in puts.
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