If trading has been dull for you or you stops have been mowed down in a sideways market, blame it on the Nifty D.
The Nifty D is the distribution pattern or the balancing nature of the market as it moves from Imbalance to balance.
Here is the chart which was posted yesterday :
And this is the updated one as of today :
Clearly the profile is balancing and acquiring a D shape as we look to leave this formerly poor traded zone.
There have been sellers selling near the highs and covering for a few points below and buyers buying the dip but not holding on for higher levels.
Meantime the 5300 CE/ PE are accumulating volumes and Open Interest as well as the 5200 PE and the 5400 CE.
That’s the actual strategy for this market- a theta burn on a delta neutral platform.
