WHEN WE SEE SOME PHYCOLOGICAL LEVEL BREAK. (14000 IN THIS SCENARIO) ESPICALLY ON EXPIRY DAY.. ASLO WE CAN SEE HIGHEST OI BUILDUP @ 14000 ON CALL SIDE.. SO IF MARKET OPEN ON EXIPRY.. COULD WE SEE SHORT COVERING ALSO @14000CE ON MORNING ITSELF.. OR 1SHOULD WAIT TO COOL-OFF?
NeelamN
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@swapnil_sharma, level must break and sustain above that atleast for 1/2 hr or so... and longs must build up... then only it will be considered a good break out and we can hold the CE, however, since in Option Buying we are against the time. we must not hold if momentum is not on our side.. book loss or less profit n exit...