Still 5400PE Nifty option strike price holds higher open interest among the various strike prices. Put writers are still under the bullish ray of hope.
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Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Feb Nifty Options Open Interest lookup
6 sec read
please post ichi 90M, 60M MotiveWave chart
hi rajendran ,
it can be also an buying of 5400 put , since OI can’t be always writers job ,
i do understandmost times its writers , but not always true sometimes buyer is also present
Reason is
I saw few days back 5400 put was heavy OI ,
may be it was writing and now it is covering ?
could you justify how sure r u if its writers
oops sorry its 7th feb post , i taught its 11th feb post
However you can justify how sure are you of writers or buyers by just seeing OI ?