Nifty Open Interest Analysis

[R M]

So, they made purchases yest. And that was against the trend.

If FII can get trampled by the trend, then we do not stand a chance....

They bought yesterday but still their overall OI is still short in Index Futures & Index CE and long in Index PE. So yesterday can be considered part covering too.

regards.
rm

 

[jamit_05]

Now one of two things is very likely to happen today:

1) Either this flatness will continue.
2) Or another MAJOR fall to 5435 level, today itself.

Upside is completely out of the question today.

 

[jamit_05]

For "Free Money", Sell 5600 CE with SL of 15 points.

With Only 7 trading days left, Even 5400 PE could be sold... but do not wanna challenge the Bears.


NO matter how good the odds, SL is an absolute must.

 

[HARIVEL]

For "Free Money", Sell 5600 CE with SL of 15 points.

With Only 7 trading days left, Even 5400 PE could be sold... but do not wanna challenge the Bears.


NO matter how good the odds, SL is an absolute must.

amit
shall expect pullback in infy next week if yes what level may be?

 

[Option.Trader]

amit
shall expect pullback in infy next week if yes what level may be?

Why do you want to play a pullback when it has tanked 20%? Just sell on rise and enjoy the ride

 

[sridhar]

Now one of two things is very likely to happen today:

1) Either this flatness will continue.
2) Or another MAJOR fall to 5435 level, today itself.

Upside is completely out of the question today.

Spot on!
Did you come to this conclusion based on options data alone or was it any other data also analysed.

Also - in which time frame do you track NF for Intraday?

 

[timepass]

amit
shall expect pullback in infy next week if yes what level may be?

Infy generally pulls back the day after the results.

 

[jamit_05]

amit
shall expect pullback in infy next week if yes what level may be?

If you are looking to short it then 2520 to 2600 is the range where you chances of successful shorts really improve.

Pullback is very likely since 2300 is a strong support region.

 

[jamit_05]

Spot on!
Did you come to this conclusion based on options data alone or was it any other data also analysed.

Also - in which time frame do you track NF for Intraday?

World markets were down and flattish.

 

[jamit_05]

The OI values change after a few hours of market close. The picture is looking somewhat different.

Good news for Bears is that 5600 is captured... shorts taken near 5600 are going to earn, probably big. In the entire Apr series, 5600 PE weren't sold with so much confidence as on Friday.

7 trading days to go before expiry and Writers are clearly confident about 5600 level, about time I'd say.

Going lower, the levels are supportive regions but not solid enough. One bad result from a big company and they will blow away.

In essence, Writers are just hoping that nothing majorly bad happens and price keeps bobbing between 5600 and 55/5400; But they know bad is the flavour of the season. So they are writing, but cautiously. They will be quick to retract. Due to this quickness I believe there may be sharp breakdowns in the week to come.

All in all, Keep your eye out for shorting setups and surely stop taking longs as Risk Reward Ratio will be poor.

Regards.