Nifty made a low of 5033 high of 5099 and closed at 5091 which is 47 points down from previous close.
Nifty gave all the gains of yesterday and gave good bounce in the second half .
Lot of buying interest was seen in 5000 to 5200 call option this shows that Nifty will be going above 5170.
Nifty can be bought at 5060 with 5000 as stop loss for the target of 5170 , 5230 and 5330.
Hi,
ReplyDeleteI have a simple question for you.
I also noticed a significant change in the OIs of
5000-5200 call options. I was thinking it was writing. But, you are saying it is buying.
What makes you feel that it is buying and not writing?
Thanks in advance.
With Regards,
Mostly the OI number indicates neutral only with out buying interest
ReplyDeletethe writers can't write and vice versa , here in this scenario the
open interest has build up during the price rise this shows that
strong buying interest is seen with out buying interest writer cant
write this much quantity that is more than 30lks .