Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
For INFY, the MAX CHG in OI at 2000PE-3000CE. This is an early indication of a Reversal or a move to 3000. We will monitor, the strikes and see If the CHG in OI is all over the places. 3000 cannot be target because the MAX OI still 2200PE-2700CE.
so I think it indicates a Reversal. So need to be cautious on LONGs.
INFY Results and the Options Update
Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.
Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.
We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.
For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195
Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.
Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.
We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.
For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195
so I think it indicates a Reversal. So need to be cautious on LONGs.