Nifty Open Interest Analysis

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jamit_05

jamit_05

Well-Known Member
#361
#361
Writers booked profit in 6000 CE ... and transferred money and pumped more into 5700 CE... adding OI of 10 L in the early session !! Shows strong confidence... this is bearish.

5600 PE lost almost 1L in OI... first time... this too is bearish...

If intraday traders should look for shorting setups...
 
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sridhar

Active Member
#363
#363
jamit_05 said:
CEs are confidently being SOLD. The leading four CEs have OI over 50 L;
Not so much for PEs.

Good news for fellow bears... 5600 PE is falling apart... 34K sold off at the very start...

SGX fell 30 points in 3 mins... that is a crash... NF says hello to 5600 !!
Click to expand...
Just had a look at the options data(10:13 hrs). 5600PE has seen unwinding of 177350 Oi on a base of 8.209 million. However 5600PE has seen addition of 628750 OI on a base of 2.383 million. How does one interpret the adding of OI in 5600CE? Or is it that 5600 will break and 5600CE will become worthless?
 
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jamit_05

jamit_05

Well-Known Member
#367
#367
jamit_05 said:
Writers booked profit in 6000 CE ... and transferred money and pumped more into 5700 CE... adding OI of 10 L in the early session !! Shows strong confidence... this is bearish.

5600 PE lost almost 1L in OI... first time... this too is bearish...

If intraday traders should look for shorting setups...
Click to expand...

Due to the above bold line, I think any rallies to 5700 levels should be shorted...
 
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