Stocks To Keep A Close Eye On

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gauharjk

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PGDIMES

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So, increase in Call 6000 OI would mean more people are shorting it rather than buying it?
Don't take any strike in isolation to study Nifty options... Even when Nifty was trading at 6069.XX, the OI in 6000 PE crossed 6000 CE just by a little margin after its change in OI on that day going upto 33%... Look at the active strikes to understand ( though vaguely as OI changes quite rapidly in volatile days) the direction of Nifty...
 

rajeabc

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Nifty

Call 6000 - 156441 Open Interest Change +13.38%
Put 6000 - 90676 Open Interest Change -8.51%

Clearly, the bias is towards the positive side. Lets see how the PUT/CALL ratio changes.

gauhar, I think this data is for call/put writing.. So if Call(writing is Increasing )that mean market will go down..
Please correct me if I am wrong..
 

PGDIMES

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Dear SG,

Taken Nifty 5900 CE @ 125, SBI 2900 CA @ 88 and kept SBI 3100 CA @ 77 (O/N Position)... No more trade for today... Will only square off if Nifty appears to close below 5880 today and stop trading for this month if Nifty does not go up...

Though I expect 6100+ in Nifty and 3150+ in SBI by 30th DEC...:)
 
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