After a long struggle, Short covering helped Nifty to rose to 23438.
Call writers were aggressive till 11:00 am writing around 44M calls and finally they gave up at 13:55 and started covering their positions and helped Nifty to rose to 23438
PUT writers started booking profits form 10:15 and harvested their gain for 26M PUTS.
Meanwhile FII's booked their profits for 1,721 future contracts
Based on the above facts we believe 23355 will act as a trend changer for today's trade.
Call writers were aggressive till 11:00 am writing around 44M calls and finally they gave up at 13:55 and started covering their positions and helped Nifty to rose to 23438
PUT writers started booking profits form 10:15 and harvested their gain for 26M PUTS.
Meanwhile FII's booked their profits for 1,721 future contracts
Based on the above facts we believe 23355 will act as a trend changer for today's trade.
Note
Bought Nifty 23650 PUT @ 240 at 23630Note
Bought Nifty 23800 PUT @ 38 at 23790 at 13:26
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.