Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Yes True. That is why you should look at volume. But in both cases when there is a High volume in say 5600 PE, then the BULLS are selling PE, to take the market High. Big fellows can only Sell. They cannot buy because they are the market makers. Market makers buy Low and Sell high. So important rule, when there is high OI interest in CE, then the market will come down. When there is a High OI in PE, then market will go up.
But today since it is the last day of Expiry, it could be tricky. So let me look at the July Series
will you not consider July OI data for days like today! I always find very difficult to interpret OI table but recently your posts making me understanding it better. Thanks for the same!
Also I read somewhere, OI table many times throws wrong direction to trap traders, is it true?
Also I read somewhere, OI table many times throws wrong direction to trap traders, is it true?
But today since it is the last day of Expiry, it could be tricky. So let me look at the July Series