Nifty Open Interest Analysis

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Date: 11.4.13

Interesting day today... the momentum seems to have swung in favor of bulls temporarily, esp with US rally, as they say a strong tide will take even weak boats higher.. is our markets going the same way?

21L Calls got unwound in 5400-5800 range, with 5700 CE loosing 12 % in OI
whereas 24L shares got added in 5400-5600PE range
Also FII or the so called smart money faced the music and had to unwind their positions in 5200PE built a couple of days back... but still have bought into 1000 crores of Options.. wonder what they are buying into?

But lets not second guess and let market do the talking... i would wait into INfy result before taking position... a bad result will make the whole bigger

 
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