Here is the higher open interest update for Nov Options series. The Higher Open interest shifts from 5000PE towards 5400CE which indicates 5400CE is strontly written and shorter term profit booking will be expected and 5400 will act as a strong resistance for the current options series.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
Nifty Higher Open Interest Shifts from 5000PE to 5400CE
10 sec read