Revisiting INFY data on how to take positions tomorrow.
First of all INFY Looks little bit Tricky now because the IV has dropped.
The MAX OI Range is at 2600-3500 also looks very dangerous because it is a very broad range. 3500 is around 15% away from current Level of 3100, which would seem possible. 2600 from 3100 means INFY need to make 500 points movement, which is also possible for INFY ..
The VOLT has come down today from 66% Yesterday to 62% today. So we have to watch the INFY IV tomorrow. Last week it was 55%.
Tomorrow we will look at the INFY data at 10 AM, 12 PM and 3 PM. We will take our positions after 3 pm tomorrow, if we feel that we have a Safe trade.
May be there is one more indicator : MAX Pain . MAX Pain of INFY is at 3050.
First of all INFY Looks little bit Tricky now because the IV has dropped.
The MAX OI Range is at 2600-3500 also looks very dangerous because it is a very broad range. 3500 is around 15% away from current Level of 3100, which would seem possible. 2600 from 3100 means INFY need to make 500 points movement, which is also possible for INFY ..
The VOLT has come down today from 66% Yesterday to 62% today. So we have to watch the INFY IV tomorrow. Last week it was 55%.
Tomorrow we will look at the INFY data at 10 AM, 12 PM and 3 PM. We will take our positions after 3 pm tomorrow, if we feel that we have a Safe trade.
May be there is one more indicator : MAX Pain . MAX Pain of INFY is at 3050.
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