The MAX OI has changed to 6200 once again since the market does not know whether to goto 6300 or not. For Today 6222 can be the TOP, Which you would also see in the INTRADAY call in OAT
6000PE is catching up with the 5700PE. 6L added to 6000PE today
6000 PE @ 64L 5700PE @ 65L - Does this indicate that 6000 could be the Bottom
On the CE Side,
6200 CE - 47L, 6300 CE - 47.9L, 6400 CE - 42.75L. Pleas note that the 6400CE has some considerable values, which we cannot ignore. 8L Positions added to 6400CE today.
I am getting some Hope for my Debit Spread of 6000-6200.
All the Strikes from 5800 to 6300 are Bullish.
So what if Market touches 6400. What would be the MAX Pain. Using Simple Average it would be 6050.
Please do not Adventure into any SELL now. We will SELL only when there is a Clear DOWN Trend even if that means we have to loose some 100 points. The top for this Series is still not Decided
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