Hello friends, hope you all doing fine, well I am a leaner and in the phase of understanding the market more precisely, recently, I have been studying OI data NSE. I would appreciate if you could help me understand this in the simplest form. , My doubt is, does Short Covering always means a Bullish?? As per my understanding, I.e if Mr X is bearish on Nifty and sells 8100 call (Nifty at 8000) but the market turns bullish, to avoid losses he buy backs the position (completes his trade). Now that he has bought the Call, means Buying has been done, buying means bullish, calls are in demand....but on a contrary Mr X is Bullish and sells Put 7900 (Nifty at 8000), Market falls, he buys back the Put he had sold to cut losses, Buying has been done but Put has been bought, Demand of put increases, does that mean the market will fall since the puts are on demand?? But short covering always seems to be bullish, how? I am Confused! I hope u all got my point, thank you.