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Very less likely..look at June Call OI at 110 level. Big money has a huge bet to keep it under 110 for the next month..
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@umezbhatia, Well according to me price action is god, if a huge OI buildup is on 110, just imagine the short covering that will come if a candle of 10 to 15% breaks the pattern here :), it would not break the pattern else wise
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umezbhatia Averoy_Apoorv_Analysis
@Averoy_Apoorv_Analysis, Of course, either one of us could be right. For me smart money is god. With a couple of crores, they can create any candle pattern they desire. Also if your breakout comes after Jun 24, both of us would be proven right :)
+1 Reply
@umezbhatia, Perfect :)
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When it wl give something good..how long I have to waiy
+1 Reply
@Aemanr, as soon as it breaks the upper trendline :)
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