Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Open Interest : December Series

31 sec read

Nifty Open Interest

 
Currently very high open interest in Nifty Options in 5800PE December series. Option Writers are targeted writing 5800PE,5900PE and even 6000PE strike prices on last friday with relatively a huge open interest covering in 6000CE. Also Nifty closed above 5EMA on weekly basis.Possibly bullish days ahead before our cloud charts throws a buy signal.Now Nifty needs to maintain above 5900 for the current bullishness to continue. Possibly Bullish Option Strategy for December at this point of time is : Sell 5900PE and Buy 5700PE December series.

Change in Nifty Open Interest

Note : Too much oscillation in High Open Interest builtup first the put writers built on 5600CE and later Put writers defended 6000PE. Counterstrike by the put writers again by writing 5700PE and later again call writers defended at 6000CE. And uh…. Now its again put writers turn

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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One Reply to “Nifty Open Interest : December Series”

  1. Very nice and educative post on options. Rajendran ji, Please provide some posts on OpenInterst, call writing, put writing and pcr in detail on how to use them for predicting levels in advance. Please provide some posts on options .
    Thank you sir

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