Open source software/Freeware is like an abandoned child. Someone created it for the sake of it but don't want to take responsibility of the future. My previous OI chart was using a google Gadget that doesn't work any more. No one wants to support it now!
1. The anticipated bounce came yesterday and those who bought what was scarce (5600CE) at the open, almost doubled their money by end of the day. The range suggested by options is still 5600-5400.
2. 5600 is a weak resistance. 5700 is a strong resistance
3. 5500 is the 50-50 level now and may even be an intermediate support
4. 5400 is the strong support with 93L OI @5400PE
5. PCR jumped up from 1.16 to 1.24 due to the call covering/put writing at 5400/5500
Nifty Futures:
2.18Cr OI flat -- Not much OI reduction despite the 100 point rise
Banknifty Futures:
11.7L OI up 2% -- The market is a place where when something doesn't go one way it goes the other way much faster than everyone can anticipate. 10380-10420 support held for almost 3 weeks now and yesterday someone probably decided enough is enough and took it all the way up to 10700+
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1 comments:
Thanks Girish!
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