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Change in Open Interest Scenario today. 5100 Calls having higher open interest builtup which inturn indicates heavy call writing in 5100. It is suggested to long nifty only if sustains above 5100
Change in Nifty OI Scenario
6 sec read
As per above chart we can say that short position can be taken below 5000. But I think taking short is safer than long position because Support & Resistance could be 4800 and 5100 for march series. Put writers of 4800, 4900 and 5000 are already achieved the profit. Now call writers will enter into the field.
Markethypothesis
I totally agree with Markethypothesis .