Date: 8.3.2013
Cant get a more clear picture than today's data... 79% of 5700-5900CE OI got liquidated and 99% of 5800-6000PE OI got added.
The only caveat being on the futures side, no one , neither FII or Retail is taking long position home... ironically once you are out of all shorts in the system, its only fundamentals which have to push the market up...... technically as its a close above 5940, a retest of previous highs should be attempted... after a consolidation
Cant get a more clear picture than today's data... 79% of 5700-5900CE OI got liquidated and 99% of 5800-6000PE OI got added.
The only caveat being on the futures side, no one , neither FII or Retail is taking long position home... ironically once you are out of all shorts in the system, its only fundamentals which have to push the market up...... technically as its a close above 5940, a retest of previous highs should be attempted... after a consolidation
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