General Trading Chat

Went long at 7100 CE - March Series (Based on Options Chain view - of Feb Series) - Let's see

Expecting support @ 7070 levels being fibo retracement


 

LoneWolf

Well-Known Member
GOod Breakout on ASIANPAINT, If some one is tracking, It can head upto 900 if breakout sustains.. But if indices will fall then, can they drag AsianPaint back ?
 
Doesn't large increase in 7100 CE suggest bearish view? OI increase in 7050 PE is tiny in absolute and % terms.
No not exactly - the OI increase in out of money PE indicates support - but at point of this writing, the OI of 7000 PE has increased

I've to step away from my terminal, so closing this trade - will re-ennter post if 7080 is taken out - since OI of PE's is increasing and that info is not real time
 

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