Only 2 days to go for expiry but none of the options (Call or Put) is carrying Open Interest in excess of 50 Lacs forget 70 or 80 lacs OI which we used to see every series. This also shows that Bulls are not confident even though market has fallen in an impulsive manner.A panic low has been made today which could be in favor of bulls for next 2 days.
I want to get across my love for your kindness for persons that absolutely need guidance on the idea.
Nifty Trader agree with you.
Namaste Ilango Sir & Blogmates, Bearish: RBI Governor gave enough ammunition to the Bears to ambush the Bulls who tried to come back with a positive open in the morning, Shorters needs to be cautious as SMR above 20...: Option Analysis for 28-01-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Dear MasterCould you please update JNSAR levels for Nifty50 stocks and Nifty Midcap50 stocks in Stock Wealth for 29-01-2014.Thanks & Regards
@Sanjay Sir: As per your blog, SMR is 22. But from techical teachings, SMR above 60 only is bullish. So there is a long way to go as per SMR. So why shorters need to be cautious?
SMR above 60 posdible?SMR=vix/pcr