The Nifty and Bank Nifty trend is continuously in mode since 3rd Jan 2012. Nifty supports coming around 5012 and Bank Nifty supports around 9271.In this option series option writers slowly conquered 4500PE, 4700PE, 4800PE and marched steadily till 5000PE. This market has taught a tough lesson for those who are still trading on overbought and oversold kind of indicators and those who are looking for mean reversion for every 50 or 100pts increase in nifty.
Nifty and Bank Nifty 90 min charts for 25 Jan 2011 Trading
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Hi Rajandran
Pls do post Feb option series chart ( Calls n puts written chart ).
Looking for your response.
Warm regards
Akhil