Nifty Open Interest Analysis

[Option.Trader]

Fundamentally, gold has cracked which is good to bring down CURRENT ACCOUNT DEFICIT. interest rates look to come down, hence banks are rallying. Diesel underrecovery coming down. If it crosses 5720, we are in for a party

 

[jamit_05]

Trade you systems. If you do not have one, Do not fall for this hogwash of an uptrend.

Option table today is on the flatter side. Uptrend only above 5750.

 

[jamit_05]

5700 CE has increased in OI. It is holding up, although it is ITM.

Bears will hold 5750.

5600 PE seems to have attracted majority. But, it could change in 5 days.

 

[spkreddy]

amit ji,

5700 ce reached above 70L ...this time can we buy 5700 put ?

 

[jamit_05]

amit ji,

5700 ce reached above 70L ...this time can we buy 5700 put ?

I have bought 5700 PE. In case of a closing below 5700, it will pay off.

 

[jamit_05]

This is the look of options table on a sideways day. Both sides are showing equal enthusiasm. Heaviness on either side is unclear since morning.

 

[sridhar]

Looking @ 5655/5645 on the downside before a bounce back to 5670 or so.
Moot point is whether it will happen today?

 

[Option.Trader]

5600 PE looks to be a strong base... more than a crore in OI... whereas on the call side, 5700CE still looks to hold... will have to see at end of day if it cracks ,5720 if Call writers are still willing to hold onto the position...
In short term, trend definately looks up... ideal set up would be to wait till RBI policy to let the market run its course... definately more rewards seems to be on the shrot side once market runs up... but lets not be biased towards it..

 

[shivan]

Why is this thread so dull now a days?

 

[sridhar]

Looks like 5720/5730 on upside is a strong resistance.

On downside 5650/5660 is first support. 5580 is a strong support.