The Option Analysis shows that 5400 puts have crossed one cr. mark in O.I. on the first day of the month.Its bullish but also cautions that any fall now below 5400 will be vicious.The max. call side build up is at 5600 (and not at 5500) ,leaving some room for immediate upside.
5 comments:
HI Aarvee
interestingly we are back to 5440 for a support if there is any fall.. :)
5350-5385-5440 .. this was the levels i was looking for some time but today's action above 5440 surprised me..lets see
5600 Call option info is a valid input..will play shorts carefully then..
Hi Aarvee,
I was just wondering ... why that 5350 does not show any significant volume in the profile? If it has given a support for pullback, it means the market controllers resisted it and entered at that point.
Your other point of selling at those peaks are well-taken.
Regards,
Rajib
rajib,
may be the shorts were covered there and the actual buying took place above 5400 levels today
Hi az,
welcome back from where u left :)
Hope u pass the exams getting marks above 1st division as ur recent returns in mkt i.e,above 60% :)
AARVEE,
Yes..always looking for distinction whether exams or trades :)
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