it has been along time since i have accessed this thread !! please let me know if u have done any alterations in ur rules ? Can u or anybody else who knows, please highlight the same?
NIFTY after touching low of 8030, has been moving up. The TREND is still down. May be there is another opportunity to SELL around 8075-85 or turn around the 8050 and Test 8000
it has been along time since i have accessed this thread !! please let me know if u have done any alterations in ur rules ? Can u or anybody else who knows, please highlight the same?
NIFTY after touching low of 8030, has been moving up. The TREND is still down. May be there is another opportunity to SELL around 8075-85 or turn around the 8050 and Test 8000
Yesterday the Change in OI in NIFTY Puts were around 40L. When the Market is around the Lows and Puts getting squared off indicates that it was Shorts which were getting squared off and not the Longs. It is an indication of Bearishness. The VIX has also went up by around 8% yesterday.
The VIX goes up only due to increase in Volatility in OTM Options. It could be Calls or Puts. But it shows that there is a BIG Move in waiting.
In the Daily Charts the Range is 270-300. So there is a chance of making 300.
But in the LTF and HTF, Trend right now is DOWN and 290 seems to be the immediate Resistance as per the Options Data (and Hourly chart), even though the MAX OI is at 280-300. For today 280 seems to be the target for SSLT.
In the LTF there is a Buy around 8016. Since 8000 is a BIG Support we can expect a bounce from here. I am not sure if one can buy since the TREND in LTF and HTF is still down. But I think it would be better to close the Shorts.