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
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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
10:00 AM Update : The AVG VOLT which was 62% yesterday has increased to 65%. From an Intraday Perspective OAT indicates a BEAR. But since the MAX Pain @ 3050 was broken yesterday I would expect INFY to move UP by at least 5% from 3050, which would be 3200.
The CE VOLT is 60.23 an PE VOLT is at 70.34. So I think PEs getting Short more than the CEs. So the Bias is towards UP.
For Intraday, As per Price Movement, BUY ABOVE 3135 and SELL BELOW 3095. Prices are in SPOT.
12:00 PM Update : The AVG VOLT come to 62% from 65% in the morning. From an Intraday Perspective OAT indicates a BEAR.
MAX Pain has moved to 3100, which was also Tested and bounced back and Trading above 3100. Since the VOLT is Going down the Bias is UP
For Intraday, As per Price Movement, BUY ABOVE 3140 and SELL BELOW 3100. Prices are in SPOT
Any movement towards 3100, I think can be bought
3:00 PM Update :
The VOLT is high. So I would suggest to Sell 2700-3500 or 2800-3500 Pair. but it is not very high like last time Going by the VOLT I think INFY also will give a FLAT result, which should bring down the VOLT.