Interpreting Market range using option writing OI

G

gtlintra

New Member
#1
#1
I have found analysts on cnbc giving a specific market range for the period based on OI built on specific sticke prizing by considering whether it is writing or buying....althoough i understand dat analysis,i would like to get more clarity on d same frm seniors....how does it exactly work
 
H

hari123

New Member
#2
#2
check the maximum open interest put strike price and that is the support level whereas the maximumopen interest callstrike price is the resistance level for nifty.day trader never trade in out of money options and never carry next day. if your judgement is wrong pay price for it and exit around 3.15 pm
 
L

learn2trade08

Guest
#3
#3
true,arent you the same guy who was trying to sell that excel on oi?
:)

gtlintra said:
I have found analysts on cnbc giving a specific market range for the period based on OI built on specific sticke prizing by considering whether it is writing or buying....althoough i understand dat analysis,i would like to get more clarity on d same frm seniors....how does it exactly work
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