Open Interest data from 3rd Feb
Tuesday they took it down, wednesday they brought it up by an equal measure. What’s in store for us tomorrow? Data is pointing towards a market tomorrow, which may go down again. After the inability to take out 4949 today ( which frankly I expected) stocks may open down tomorrow. Data posted on the blog […]
Nifty
Well, the breakout above 4949 didn’t happen. Part of the reason was that the heavyweights like Reliance and State bank and Infosys traded below their VWAP most of the day and were nowhere near their highs when Nifty was threatening it’s breakout. Anybreakout by the Nifty without it’s leading stars has to be viewed with […]
OI for 3rd Feb- Intra update
A quick intra day update at 12.45 pm to discuss the positions taken by smart money. IMO, the move from yesterday’s lows is not over yet. Notice the declining OI ( in yellow) of the call writers and the increasing OI of the put writers. There is a good chance we will see 4980-90 later […]