Trade with options data

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kiranjakka

Well-Known Member
SEE THE GAP UP HAPPENED TODAY IT WAS MY POST AT YESTERDAY AT Yesterday, 11:44 AM :thumb::thumb:
i guessed nifty will bounce just based on 3 reasons:

1.obviously based on OI data like you people read
2.nifty futures were trading at a premium of 36 pts
3.nifty put options of 5100 august series were trading at at discount when they are in to the money . the puts were never sold that cheap before.

we might trade very narrow range between 5100-5200 before we break on either side once again
:thumb:
 
we might trade very narrow range between 5100-5200 before we break on either side once again
:thumb:
I think not. I think that we are in for a violent move on either side in next 1-2 sessions. Check my post in "Bollingerbands" thread for the chart.
 

columbus

Well-Known Member
Wipro

Dear kiran,

Can we take a buy call in wipro now.It is quite oversold as per techanical data and also shows RSI diversence signal for buy.
But OI data shows negative trend stll:annoyed:
 
we might trade very narrow range between 5100-5200 before we break on either side once again
:thumb:
I think not. I think that we are in for a violent move on either side in next 1-2 sessions. Check my post in "Bollingerbands" thread for the chart.
Upper end of your range, yes, but a gap up + 100 pts in a session is a violent move :). A bit more upside left, I think. Depends on RBI tomorrow.
 
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