Open Interest
Will YESBANK give a oh-YES moment!! After breaching 383 & 390 levels, stock will resume its
UPTREND in medium term trend.
For now,
1) Formed an EXHAUSTIVE candle on friday. (Neutral)
2) On Intraday chart, stock had a very good opening move, but after SBIN results, (being its peer) it also faced a selling pressure. Due to which short covering was seen, but before this event, stock was enjoying LONG BUILDUP
2) OI Analysis:
Traded with highest number of contracts in this series.
If on Monday, spot price is sustaining near 380-383 levels and OI is increasing then GO LONG for 3-4 % gains in 1-2 days.
3) Option Analysis suggests, 82k positions were cleared from 390CE, 194k positions were added @ 400CE & 218k positions added @ 380PE, which means, 380 will act as STRONG SUPPORT where as 400 will act as STRONG RESISTANCE.
Remember, run from 385 to 400 will give you 5% gains.
SHORT INDUSIND BANKNSE:INDUSINDBK
Falling RSI , High Decrease in Future OI & High Increase in CALL OI @ 2000
MRF : good buy for swing??Verdict:
1) Multiple attempts to break support level @ 74097
2) Thursday (12th July) candle failed to breakout resistance
with high volume, means SELLERS might be active & profit
booking is likely scenario (since current trend is sideways)
3) OI is decreasing with high number of contracts traded
(From historical data, traders might have added SHORT
position on thursday, on verge of failed BREAKOUT & today
looks like SHORT COVERING)
4) 73000 to 73500 is good buying spot for 4-5% gain in 10 days
Nifty Put/call Ratio Open Interest - Educational Series 5Hi All,
Let see today Nifty Put/Call Ratio open interest :
Following is the NSE link for Nifty Put/Call options Open interest :
www.nseindia.com
Now In Market the option (put/call) writers make money (most of time) i.e they say that's the smart money(Even though there is risk of unlimited loss and limited profits)
Can Any one share whats the logic that option writers make money most of time to be called as smart money ?
Coming to current month : In NSE link provided above , There is Call Open interest build up data on left side and put Open interest build up data on right side.
So if you see For FEB NIFTY series :
8800 Put has Open Interest (OI) of 61 lakh
9000 Calls has Open Interest(OI) of 71 lakh
i.e smart money is betting that market expiry will happen between 8800-9000
So if you are call /put buyer just take a note of it .
I knew a blog which used to publish this data in nice tabular fashion daily , but it has stopped doing it from last 3-4 months, If any one has the link to any site or blog which can give updates on this data daily please share.
Disclaimer : Educational purpose only ,Please consult your financial adviser before investing.
