Admitted that bulls have created support from 5800 and below but support missing on higher level absolutely. Where as in Call position 6000 is the tallest wall standing tall for long now.Above which Bulls fearing to write Puts.
I am short even today and averaged 5700Put @29.25 and holding 6200Call @17.25 at 2:1 ratio.
I think massive up move may be ruled out but down side will be limited to 5800-5750.May be my position is making me to think so.
3 comments:
Prince your question about the direction may be answered by OI data.
As per EOD today OI position is as below:
Call -- Strike -- Puts
==========================
8.16L -- 5600 -- 84.03L
14.41L -- 5700 -- 81.87L
32.48L -- 5800 -- 80.28L
40.75L -- 5900 -- 52.88L
84.96L -- 6000 -- 42.7L
61.15L -- 6100 -- 10.6L
43.3L -- 6200 -- 5L
43.3L -- 6300 -- 3.07L
Admitted that bulls have created support from 5800 and below but support missing on higher level absolutely.
Where as in Call position 6000 is the tallest wall standing tall for long now.Above which Bulls fearing to write Puts.
I am short even today and averaged 5700Put @29.25 and holding 6200Call @17.25 at 2:1 ratio.
I think massive up move may be ruled out but down side will be limited to 5800-5750.May be my position is making me to think so.
@Ilango
I feel the monthly close above should have been 5944.
These are the useful and valuable charts about nifty crawls and i really appreciate it and i want to thanks for sharing.
nifty option trading
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