Ideal Nifty Trade for 10 th Dec 2009
9 December 2009
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Hold your longs with trailing stop loss of 5077. Exit longs or reverse position if Nifty closes below 5110(5 EMA) on EOD basis.
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Written by: Rajandran R
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Hi, Market Hypothesis said that majority of put options are written How do we know whether its written or bought..since the number on NSE site shows only OI..Also taking that they are written,does it mean that there is very strong support around 4930-5000 levels (since 5k put now has premium of aroudn 70 rs)…and if that gets broken 4900 then the next strong support is 4500 (since 4500 has the next highest OI ,assuming again that many puts are written).I am trying to understand the OI distribution and its possible interpretations,so your views will be very helpfulThanksSaif
Optins are basically used for hedging purpose. It is my personal experience that selling option is much safer than buying option. I think big and regular trader also do the same.
Hi Rajendran..i was having a look at your OI tracker page…It is very helpful but i see that it does not track the future contracts…if you can include the future OI change that would reflect more accurately the price behavior since future contracts hold a substantial value ..thanks