Trade with options data

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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:
Hi,

On 27 July Nifty CE 5100 saw no short covering by sellers as there was +ve addition to OI figure. On 30 July it saw further upside of Rs. 70. Does sellers were caught off-guard or does it also happen frequently.

Thanks
 
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as i see the OI nifty is headed for 5300 now but i guess not with ease :thumb:
Yeah. After 200 pts move, it's doing a lot of nakhras in going up. I guess lesser bulls will get shaken out before it does any significant move.

Let's wait for intraday up/down move :)
 
Dear Kiran,

Today data on morning were quite bearing with unwinding going on at 5300 and 5200 put but lately story changed.
Can we enter in short after todays move.
 
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