https://www.nseindia.com/live_marke...-&segmentLink=17&symbolCount=2&segmentLink=17
thank you, bulls will protect the bottom of the range and bears top of the range. just take a look at the NSE option chain. there is heavy PE Squaring off, COI is negative, how do u read this?
'When the CE NET CHG +ve and the COI +Ve - Bullish - Long Build
When the CE NET CHG +ve and the COI -Ve - Bullish - Short unwinding
When the PE NET CHG +ve and the COI +Ve - Bearish - Long build
When the PE NET CHG +ve and the COI -Ve - Bullish - Long unwinding'
this is what i found on another Traderjithread.
thank you, bulls will protect the bottom of the range and bears top of the range. just take a look at the NSE option chain. there is heavy PE Squaring off, COI is negative, how do u read this?
'When the CE NET CHG +ve and the COI +Ve - Bullish - Long Build
When the CE NET CHG +ve and the COI -Ve - Bullish - Short unwinding
When the PE NET CHG +ve and the COI +Ve - Bearish - Long build
When the PE NET CHG +ve and the COI -Ve - Bullish - Long unwinding'
this is what i found on another Traderjithread.
There is no clarity for bulls where to lend support to Nifty. Lot of negative PEs are seen. It infers that the traders who have written PEs are taking exit from their positions.
But from CE side, the bears have shown a clear picture. The bears are upright guarding, 8000. There is heavy CE writing at 8000.
We can infer that the nifty may move to down or stay stagnant at or below 8000 in near future.