Tuesday, 29 May 2018
Monday, 21 May 2018
Nifty - 21st May 2018
On 21st May 2018 at the close of Market the PCR of Nifty was
3,73,42,575 Total May Month open interest of Nifty Put Options divided by 3,93,48,150 Total May Month open interest of Nifty Call Options is .95. At 10929 PCR was approx 1.52 and today at .95 with Current Nifty at 10516.70
3,73,42,575 Total May Month open interest of Nifty Put Options divided by 3,93,48,150 Total May Month open interest of Nifty Call Options is .95. At 10929 PCR was approx 1.52 and today at .95 with Current Nifty at 10516.70
Indication of Puts have been squared off and call have started adding shorts and Nifty found difficult to cross 11000 where highest OI of Calls were Outstanding (PCR falling and below 1 [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands and got added at Strike Price 10500 PE (54,32,025) making it a good Support Nifty is falling and Decreasing PCR continuously from past few days indicates that puts are being squared off and Calls are being added
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 57,27,600) maintaining from the beginning of May 2018 Series followed by 10800 CE and highest additions in 10600 CE
As per Data Received for Futures (18/05/2018)
Change in Stock OI :
Long Buildup : ALBK, JUBI, BRGR, HPCL, UNBK, SNDB, CBK, TTCH, TELX
Short Buildup : CLGT, STR, OFSS, AL, DIVI, JUST, AMRJ, ACC, PAG, DLFU, IHFL, TPWR
Short Covering : BRCM, NITEC, UBBL, INBK, ADE, BPCL, DBEL, SBIN, GAIL, PNB, KKC
Long Unwinding : JPA, KPIT, CEAT, RCOM, OINL, NHPC, SUNTV, HNDL, WPL, BIL, CANF
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Saturday, 19 May 2018
Nifty - 18th May 2018
Nifty - 18th May 2018
On 18th May 2018 at the close of Market the PCR of Nifty was
3,89,52,000 Total May Month open interest of Nifty Put Options divided by 3,75,36,775 Total May Month open interest of Nifty Call Options is 1.04. At 10929 PCR was approx 1.52 and today at 1.04 with Current Nifty at 10596.40
3,89,52,000 Total May Month open interest of Nifty Put Options divided by 3,75,36,775 Total May Month open interest of Nifty Call Options is 1.04. At 10929 PCR was approx 1.52 and today at 1.04 with Current Nifty at 10596.40
Indication of Puts have been squared off and call have started adding shorts and Nifty found difficult to cross 11000 where highest OI of Calls were Outstanding (PCR falling and near 1 [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands at Strike Price 10500 PE (53,76,,675) making it a good Support and 2nd highest now is at 10300 PE - OTM (3,46,200) Nifty is falling and Decreasing PCR continuously from past few days indicates that puts are being squared off and Calls are being added
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 58,49,259)) maintaining from the beginning of May 2018 Series followed by 10800 CE
As per Data Received for Futures (18/05/2018)
Change in Stock OI :
Long Buildup : CLGT, UBBL, BIOS, KMB, BRCM, JUBI, TECHM, HUVR, IIB, BJFIN, DITV
Short Buildup : SRF, VGRD, STR, ESC, ARVND, BJAUT, ALBK, VOLT, UNSP, COAL, AL, CDH, PVRL, AJP, LT, CAFL, APHS, BOB, HPCL, VEDL, RIL, IHFL, OBC, CESC, HDFC, CIPLA, ARBP, ACC
Short Covering : BAF, CCRI, BRGR, TTAN, TRCL, GCPL
Long Unwinding : BIL, INBK, RNAVA, MRPL, GRAN, JUST, PLNG, PAG, RCAPT, PTCIN, EXID, SRCM, RELI, MUTH, HNDL, HMCL, SUNTV, WPL, RCOM, BATA, RBK, BHE, BHIN, NMDC, FB
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Wednesday, 16 May 2018
Nifty - 16th May 2018
On 16th May 2018 at the close of Market the PCR of Nifty was
4,21,11,000 Total May Month open interest of Nifty Put Options divided by 3,39,92,025Total May Month open interest of Nifty Call Options is 1.238
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands at Strike Price 10500 PE (55,33,650) making it a good Support level though open interest at this level reduced by 5,29,650 and 2nd highest in 10700 PE also saw open interest reducing by3,06,225 Nifty is falling and Decreasing PCR continuously from past two days indicates that puts are being squared off and Calls are being added
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 60,91,875) maintaining from the beginning of May 2018 Series and 4,89,675 added in 10800 CE shifting the resistance to 10800
Change in Stock OI :
Long Buildup : ESC, BIL, PAG, CAFL, APNT, IRB, SRF, PTCIN, JI, MTCL, HEXW, HUVR
Short Buildup : MUTH, TVSL, PNB, CIPLA, CIFC, BOB, SNDB, NJCC, PLNG, HNDL, MMFS
Short Covering : PCJL, SIEM, BHE, RBK, JETIN, RECL, SRCM, LPC, HAVL, JPA, ARVND
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
4,21,11,000 Total May Month open interest of Nifty Put Options divided by 3,39,92,025Total May Month open interest of Nifty Call Options is 1.238
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands at Strike Price 10500 PE (55,33,650) making it a good Support level though open interest at this level reduced by 5,29,650 and 2nd highest in 10700 PE also saw open interest reducing by3,06,225 Nifty is falling and Decreasing PCR continuously from past two days indicates that puts are being squared off and Calls are being added
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 60,91,875) maintaining from the beginning of May 2018 Series and 4,89,675 added in 10800 CE shifting the resistance to 10800
As per Data Received for Futures (16/05/2018)
Change in Stock OI :
Long Buildup : ESC, BIL, PAG, CAFL, APNT, IRB, SRF, PTCIN, JI, MTCL, HEXW, HUVR
Short Buildup : MUTH, TVSL, PNB, CIPLA, CIFC, BOB, SNDB, NJCC, PLNG, HNDL, MMFS
Short Covering : PCJL, SIEM, BHE, RBK, JETIN, RECL, SRCM, LPC, HAVL, JPA, ARVND
Long Unwinding : BPCL, ALBK, HDFCB, ANDB, WPL, OBC, ADSEZ, ONGC, LICHF, KMB, IOCL
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Tuesday, 15 May 2018
Nifty-15th May 2018
On 15th May 2018 at the close of Market the PCR of Nifty was
4,44,93,730 Total May Month open interest of Nifty Put Options divided by 3,37,51.125 Total May Month open interest of Nifty Call Options is 1.318
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands at Strike Price 10500 PE (60,63,300) making it a good Support level though open interest at this level reduced by 6,14,400 and 2nd highest in 10700 PE also saw open interest reducing by 3.11.025 and today's open interest was seen built up in 10800 PE by 8.50.750 (29,75,775) showing support being built slowly at this level.
Nifty Respected its 11000 CE highest open interest by making Intraday High of 10947.90 in Futures and Reversed from there. Call Options Open Interest still stands at 11000 CE (Highest Open Interest 63,73,500 ) maintaining from the beginning of May 2018 Series.
Change in Stock OI :
Long Buildup : BHAFI, BAF, UBBL, VOLT, TATA, IIB, PTCIN, HDFC, TECHM, BIOS
Short Buildup : PCJL, ACC, ALBK, PIDI, NJCC, CIPLA, AL, TTMT/A, OFSS, TGBL, IHFL, BHE, TTMT, CAFL, BRCM, KBL, NHPC, DIVI, AJP, VEDL, MMFS, PLNG, DITV, BJAUT, ACEM
Short Covering : SIEM, SRCM, CLGT, SRF, BRGR, GCPL, CIFC, SHTF, GRAN, HNDL, APTY, TTAN, TCS, GNP, BPCL, ONGC, HAVL, BJFIN, HDFCB, HPCL
Long Unwinding : PAG, UJJIV, NITEC, KJC, RNAVA, BATA, JETIN, FB, NEST, EXID, LT, OBC, ARVND, MRCO, LTFH, JSP, AMRJ, INBK, TCOM, JPA
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
4,44,93,730 Total May Month open interest of Nifty Put Options divided by 3,37,51.125 Total May Month open interest of Nifty Call Options is 1.318
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Highest Open Interest still stands at Strike Price 10500 PE (60,63,300) making it a good Support level though open interest at this level reduced by 6,14,400 and 2nd highest in 10700 PE also saw open interest reducing by 3.11.025 and today's open interest was seen built up in 10800 PE by 8.50.750 (29,75,775) showing support being built slowly at this level.
Nifty Respected its 11000 CE highest open interest by making Intraday High of 10947.90 in Futures and Reversed from there. Call Options Open Interest still stands at 11000 CE (Highest Open Interest 63,73,500 ) maintaining from the beginning of May 2018 Series.
As per Data Received for Futures (15/05/2018)
Change in Stock OI :
Long Buildup : BHAFI, BAF, UBBL, VOLT, TATA, IIB, PTCIN, HDFC, TECHM, BIOS
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
Whats App :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Monday, 14 May 2018
Nifty - 14th May 2018
On 14th May 2018 at the close of Market the PCR of Nifty was
4,74,24,600 Total May Month open interest of Nifty Put Options divided by 3,40,99.050 Total May Month open interest of Nifty Call Options is 1.39
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Open Interest increased in every Strike Price 10500 PE (Highest Open Interest 66,77,700) making it a good Support level and highest additions again (6,33,975) being built up in 10700 PE showing support being built at this level.
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 61,46,100 ) maintaining from the beginning of May 2018 Series.
15th May expected to be Volatile due to Karnataka Elections Results
Change in Stock OI :
Long Buildup : SUNTV, CBK, GAIL, UNBK, BIOS, CIPLA, APNT, BHAFI, HDFC, SIB
Short Buildup : TGBL, ESC, AL, PIDI, ADSEZ, PCJL, IOCL, PTCIN, OFSS, JUST, ACC, RELI, SHTF, TTMT, DIVI, POWF, VOLT, UNSP, GNP, RCAPT, IDFCB, Z, MAXF, STR, BHEL, APHS, DLFU, CAFL
Short Covering : INDIG, NITEC, PWGR, IGL, OBC, APTY, CLGT, SBIN, HMCL, MRCO, HPCL, BHFC, AJP, CGPOW, HEXW, MCX, GCPL, PNB, MRPL, KJC
Long Unwinding : INBK, FB, SRF, EXID, BOS, RCOM, HNDL, TTCH, GDSP, SUEL, VGRD, UJJIV, GRASI, HCC, LT, ADANI, BATA, KPIT, KKC
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
Jyoti Budhia (Technical Analysis & Options Trainer)
WhatsApp :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
4,74,24,600 Total May Month open interest of Nifty Put Options divided by 3,40,99.050 Total May Month open interest of Nifty Call Options is 1.39
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Open Interest increased in every Strike Price 10500 PE (Highest Open Interest 66,77,700) making it a good Support level and highest additions again (6,33,975) being built up in 10700 PE showing support being built at this level.
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 61,46,100 ) maintaining from the beginning of May 2018 Series.
15th May expected to be Volatile due to Karnataka Elections Results
As per Data Received for Futures (14/05/2018)
Change in Stock OI :
Long Buildup : SUNTV, CBK, GAIL, UNBK, BIOS, CIPLA, APNT, BHAFI, HDFC, SIB
Short Buildup : TGBL, ESC, AL, PIDI, ADSEZ, PCJL, IOCL, PTCIN, OFSS, JUST, ACC, RELI, SHTF, TTMT, DIVI, POWF, VOLT, UNSP, GNP, RCAPT, IDFCB, Z, MAXF, STR, BHEL, APHS, DLFU, CAFL
Short Covering : INDIG, NITEC, PWGR, IGL, OBC, APTY, CLGT, SBIN, HMCL, MRCO, HPCL, BHFC, AJP, CGPOW, HEXW, MCX, GCPL, PNB, MRPL, KJC
Long Unwinding : INBK, FB, SRF, EXID, BOS, RCOM, HNDL, TTCH, GDSP, SUEL, VGRD, UJJIV, GRASI, HCC, LT, ADANI, BATA, KPIT, KKC
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia (Technical Analysis & Options Trainer)
WhatsApp :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Saturday, 12 May 2018
Nifty 11th May 2018
On 11th May 2018 at the close of Market the PCR of Nifty was
4,57,76,700 Total May Month open interest of Nifty Put Options divided by 3,27,57,975 Total May Month open interest of Nifty Call Options is 1.397
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Open Interest increased in every Strike Price 10500 PE (Highest Open Interest 63,18,450) making it a good Support level and highest additions (12,46,275) being built up in 10700 PE showing support being built at this level.
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 59,90,850) maintaining from the beginning of May 2018 Series.
Coming week expected to be Volatile due to Karnataka Elections Results
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
Jyoti Budhia
WhatsApp :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
4,57,76,700 Total May Month open interest of Nifty Put Options divided by 3,27,57,975 Total May Month open interest of Nifty Call Options is 1.397
Indication of Puts have been shorted (PCR more then 1 and Nifty Index rising [Keep Observing PCR along with Nifty Options Chain to understand the Movement of Nifty Index] ).
Put Options Open Interest increased in every Strike Price 10500 PE (Highest Open Interest 63,18,450) making it a good Support level and highest additions (12,46,275) being built up in 10700 PE showing support being built at this level.
Call Options Open Interest still stands at 11000 CE (Highest Open Interest 59,90,850) maintaining from the beginning of May 2018 Series.
Coming week expected to be Volatile due to Karnataka Elections Results
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create Awareness Options which will make traders Aware and they can understand the use of Option Chain.
**Disclaimer
I am giving the readings of Nifty Options Chain for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Jyoti Budhia
WhatsApp :9324473734
Email : jyoti@ncfmtraining.com
Url : www.ncfmtraining.com
Tuesday, 20 February 2018
Nifty 21-02-2018
Time 1 pm IST
Today Nifty showing strong Support at 10300 as more than 18 lacs Put got added to 10300 making the Highest OI 73.82 lacs at 10300 PE and Resistance at 10500 as 10 Lacs Calls got Added to 10500 making the Highest OI 54.84 Lacs at 10500 CE .
Looking to this Range February 2018 Expiry seems to be between this Range.
Today Nifty showing strong Support at 10300 as more than 18 lacs Put got added to 10300 making the Highest OI 73.82 lacs at 10300 PE and Resistance at 10500 as 10 Lacs Calls got Added to 10500 making the Highest OI 54.84 Lacs at 10500 CE .
Looking to this Range February 2018 Expiry seems to be between this Range.
**Disclaimer
I am giving these readings for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Monday, 19 February 2018
Nifty 20-02-2018
At present highest OI in puts is at 10300 ( 62 lacs (16 lacs added)) and in calls is at 10500 (46 lacs). So as of now 10300 seen as strong support and 10500 as strong resistance unless the OI of put decreases or shifts to any other strike price
Jyoti Budhia
jyoti@ncfmtraining.com
9324473734
**Disclaimer
I am giving these readings for Educational Purpose. I request everyone that, please understand before taking a trade. I am NOT RESPONSIBLE for any Losses incurred by anyone taking trades based on my blogs. I and/or my Students may or may Not have position. MY ALL BLOGS WILL BE FOR EDUCATIONAL PURPOSE ONLY
Sunday, 18 February 2018
Understanding Open Interest of Equity Futures & Options
Futures Open Interest
Open Interest total number of open or outstanding positions (not reversed or squared up ) in Derivative Contracts on a particular period for the particular month.
At present we have maximum trading of Equity Derivatives traded in National Stock Exchange of India Limited and all Equity Derivatives are Cash Settled.
So if :
1) Stock Price Increases and Open Interest Increases it is an Indication of Long Build up
2) Stock Price Decreases and Open Interest also Decreases then it is an Indication of Long Unwinding
3) Stock Price Decreases and Open Interest Increases , it is an Indication of Short Build up
4) Stock Price Increases but Open Interest Decreases then it is an Indication of Short COVERING.
If these type of scenarios are checked Continuously, one can get an idea of the Trend.
Options Open Interest in case of NIFTY
Options Open Interest (NIFTY)
PCR - Put Call Ratio is used to know the Open Interest in Options and the trend is known accordingly
On 16th February at the close of Market the PCR of Nifty was
47,627,550 Total February Month open interest of Nifty puts divided by 57,620,025 Total February Month open interest of Nifty calls is 0.8266
Indication of Calls of Higher levels have been shorted (PCR less then 1 and Nifty Index falling).
In the Opening 10500 PE (symbol for Puts) was having the highest Open Interest of above 67 lacs
and due to that prices were hovering around 10500 from 11.30am to 1.30pm, and Open Interest started unwinding slowly slowly from 10500 and we saw nifty falling speedily to 10434 and closing at 10452.
Now Monday 19th February will indicate the trend that Open Interest in 10500 Put is Increasing or unwinding and which will be the next support (where Open Interest in Puts will Increase) .
** In Expiry week PCR does not have much Relevance BUT Open Interest on Strike prices can give us an Indication of the price Movement of Nifty
Through this Blog , I , Jyoti Budhia will try to create as much Awareness I can in Options.
Jyoti Budhia
9324473734
jyoti@ncfmtraining.com
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