[Technical-Investor] How options charts can give indication of a reversal

 

Further to my post the other day, another example how Options charts can give a hint of a reversal.  Nifty spot did break all supports at 4960 --4950 as well as 4935, however.................

 

See the charts of 4900, 5000 and 5100 CE, and the charts of 5100  and 5200 PE.

 

Calls never broke all time expiry lows and zoomed up, however, puts have broken recent November expiry lows and are ready to go further down?

 

Nifty 5240 this expiry???

 

Keep trailing.

 

Only hope that bears have, is to pray that Asia is extremely weak till 9.55 am on Monday, and cause a big gap down. Else, writing is on the wall for bears for this expiry....

 

Cheers,

 

AP

 

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