Nifty Open Interest
Last past two days of action could stumbled call writers as there is unwinding in 4800CE,4900CE,5000CE open Interest and put writers overtakes the position which is also reflected in the market sentiment too. But once again Call writers had started their call writing job and had been built up heavy open interest in 5000CE on 17 Feb 2009. Now it looks interesting to track nifty.
Rising Trin
Few other observations
1)10 day SMA of trin is in rising mode indicates bearishness
2)Nifty Hangs at 200MA-Hourly-(See Hourly NMA Charts)
3)Still no Buy Signal in NMA Charts(See NMA Daily Charts)
Nifty Hourly charts near the 200MA line
Daily NMA Chart
Note : Still now markets are not breaking the supports. Nifty Shorts in futures/min should be initiated only if the minimum criteria satisfies(i.e only if nifty closes below 5EMA(4850)
Related Readings and Observations
Nifty Surges despite option writing at 7500CE Open Interest built up is still higher at 7500CE and despite call option writing at 7500 nifty surges and closed with a weekly return of 4.88%. 7500CE and 7600CE are the highest open […]
Warning: Strong Volatility Ahead Indian Finance Minister Nirmala Sitharaman announces corporation tax rate cuts and slashed to 22% (effective rate 25.17% including cess and surcharge) and that's the Internation news, […]
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
Nifty September Expiry Begins with Volatility Nifty Futures September expiry kick-started with high volatility. Short term quick flip signals turned positive with immediate supports coming around 11655 levels. Price holding above […]
Nifty Trading Outlook for April 2018 New Financial Year about to start and it is always refreshing to kick start with a unbiased outlook especially when a new derivative series starts. Structurally so far correction in Nifty […]
How to Trade Nifty for November Expiry? Nifty is trading around All time high. October Futures is more of one-sided movement with an approximate swing of 500+ points swing. The trading sentiment is holding positive across the […]
sir, in march series i have started writing the otm puts @4200. is a good strategy? a safe and sound and peacefull earning.
If nifty dips and closes below 4800 i would prefer writing OTM calls of march series. And Yeah its safer to write OTM puts until nifty holds 4800 on weekly basis. Iam expecting downside risk to me more if nifty closes below 4800 on weekly basis