abe
Can you please through some lights on how to interpret this OI data.
Regards
Dharmesh Shah
From: A P Abraham <abrahamap@airtelmai
To: sharetrading@
Sent: Wed, March 3, 2010 6:36:20 PM
Subject: [sharetrading] Options
Observing the data, there has been high change in OI of 5300 call and 5000/5100 Puts. Which indicates that in most probabilities, market will range in this region for March expiry……….. The OI positions on the lower side indicates to me that the markets are headed upward only. Max I see is 5200 or less on upper side and 4900 on lower side as with today's data………….
Abe
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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
Happy Trading,
United we grow!!!
.
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