As expected the MAX OI has changed from 6100 to 6300. The MAX Pain is at 5950. So I am holding the Shorts hoping that before Going UP, it would correct at least tiil 5950/6000
Reliance results are goin to be very important for further direction of the market.My personal views are that it has completed traingle pattern and breakout can happen on upside.Lets see tomorrow.
Reliance results are goin to be very important for further direction of the market.My personal views are that it has completed traingle pattern and breakout can happen on upside.Lets see tomorrow.
As per the Options Data, Reliance will not definitely cross 920. Today EOD if you look at the MAX COI then the Range is 840-920. So the 840-920 Pair is Short by the Operators. The VOLT Chart also indicates a Convergence and indicates a SELL on Highs. Let us see anyway tomorrow. RELIANCE Historically goes down on Results days. Also RELIANCE mostly is held by the DIIs and DIIs are SELLing nowadays.
As per my calculation, the Top could be around 910