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:
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:
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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