Date :
19-10-12
We had cautioned yesterday to trade only above 5720. A lot of heartburn would have been avoided.
Today Bulls were caught with their pants down. Unwinding was seen in 5600/5700/5800 PE. I have added another tracking feature, CE&PE OI for the day and you can see there was heavy unwinding of puts
One saving grace is that expiry zone still indicates 5700
Watch out for 5600CE OI. If this builds up to above 60L, then we are in for a roller coaster ride
Thought for the day : Emotions lead to loose motions