Yesterday market volatility was pre expected and i
told you to short nifty around 5400 level. Intraday traders must have
taken advantage of this sharp fall. Market is trading in very tight
range from last three days. yesterday 5400CE OI ADDED 179800 NEW
CONTRACT WITH total OI of 6067050. A huge Open interest buildup has seen
in 5300 put with the addition of 864550 new contract.
Another volatile session you may see today. Greek political leaders
failed
early on Thursday to sign off
on a tough reform and
austerity program, the price of
a new international bailout for
the nation.
Above 5400 spot nifty and bellow 5280 spot nifty will give new direction
of 150 -200 points.
Option sellers are always be smart than buyers. what are the 5400CE
sellers are saying? they are saying that come and buy 5400Call. Above
5400 all is yours. Market is returning from three days from 5400 level.
OI IS 6067050. OK..... NOW THINK WHO IS SMARTER SELLER OR BUYER? Ans is
always seller. well now will sellers like to go up the market who have
sell 5400CE. NO...... NOT AT ALL. THAT'S WHY MARKET IS REVERSING EVERYDAY
FROM 5400 LEVEL. ANY BAD NEWS FROM GLOBAL WILL CREATE SELLING PRESSURE IN
MARKET. MARKET IS ALL READY IN OVER BOUGHT ZONE. NEED TO BE CAUTIOUS AT
THIS LEVEL AND ACT LIKE AS A ROBERT WITH INDICATORS.........
GOOD LUCK.
