REL Communication

Gone with the wind. 12% off.??????????? will this continue

Relcommunication may bounce back at any moment . please watch

Many experts expect the price to go to 385.....????

Heavy Call writing seen between 500 and 440....which inidcates further downfall is expected.

However, if it manages to moves above 455-460, which is also 30DMA...we may see sharp short covering rally upto 495-500.

Regards

how you judge that a particular option is written or bought ???

Wait till it reaches 385-390/-

This is why the put call ratio is so over rated. Big money that is bearish need not buy puts, just write calls instead.

market is soooooooo sloppy.

Its very simple. You cannot buy call unless it is sold i.e. written.

so the the confusion remains the same ... 50% are bullish and 50% are bearish... so we better move according to the stock's trend, will see whichever way it moves further. but as far as i am concerned , i am bullish on the stock.