Always look at the 30min and 60 min chart - For now 30 min chart shows a breakout above 5531, which is correct and 60 minute shows a BEAR FLAG, with pivot at 5576 SPOT. So concentrate on the market when the market is around 5575 SPOT to trade down or UP.
Those who have gone short around 5585, hold with a stoploss of 20 points (5605) which is also yesterday's high.
May be it is trying to make a double top. Anyway Go Long only above 3030, which is the Previous Top.
MAX OI @ 2900-3000 with Pivot at 2950. So you can go short only below 2950. Since INFY has seen a Strong UP trend, it will play between 2950 and 3000 for some time. Stocks like INFY would not come down so quickly below 2950
Yes may be your right. 5560 SPOT was Yesterdays Top, where I had asked to Short but since it is forming a FLAG it can 10-15 points higher also to take on the Weak Retail hearts
One thing I did notice is that premiums in Nifty futures suddenly dropped. From 36 to 28, this can happen only if everyone is in a mad rush to short future
It is there in OAT tool. You can see those Pivots 5592, 5646, 5700. Since the 5592 is the only number close to our trading and the market made a bottom of 5542, I took that as the Top.