Date : 2.3.2013
Continuing from where left off... two more theories
- Watch closely whenever OI in a strike crosses 70L.. it indicates strength in that trend... eg .. if 5800CE crosses 70L... we can rest assured that the short term down trend is intact with top indicated at 5800
- The previous indication can change if there is a sudden drop by more than 12% in that particular strike price
Please feel free to suggest patterns that you would see that could give clues to upcoming levels...FII's share is almost a quarter percentage in the Futures trade... maybe we could glean something from their activity...
Continuing from where left off... two more theories
- Watch closely whenever OI in a strike crosses 70L.. it indicates strength in that trend... eg .. if 5800CE crosses 70L... we can rest assured that the short term down trend is intact with top indicated at 5800
- The previous indication can change if there is a sudden drop by more than 12% in that particular strike price
Please feel free to suggest patterns that you would see that could give clues to upcoming levels...FII's share is almost a quarter percentage in the Futures trade... maybe we could glean something from their activity...
You said, if the OI goes above 70Lakh, the current trend has strength.... But in you example you said, if the 5800 CE crosses 70L, then we can expect short term down trend..... is it not conflicting?