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 in the afternoon and the one we have now at EOD, show the strike at 4900 increasing the call side OI ( bearish) and reducing the put side ( bullish).
Furthermore, between strikes 4400 and 5400, about 21963 call lots ( bearish) were added today whereas the same strikes witnessed a reduction in Put OI of 31343 lots ( bearish again).
The range remains 4800- 5000 as highlighted. Look for shorts below 4897 and longs above 4945.