Nifty has crossed 5700.
Are if you are wondering why Indian markets are running up like crazy, then here is the truth about this rally.
Todays more than 2% higher run in Indian markets is NOT because of buying, but, because of Put Option buying. And Put option buying means markets are betting on a severe fall ahead.
There has been phenomenal increase in Niftys Put Option positions today. The open interest in Nifty Put Options has crossed 10,00,0000 at many levels.
Whereas Call Options, which denote a positive run in markets, have slumped heavily.
So, be careful before thinking of taking long positions in markets. All those tv anchors who are gloating about markets being happy and being positive dont know what they are talking about.
Be safe, be careful. Markets are not always what the numbers show.
Source: C2T