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@shubham202 Unwinding is referred to when the No. of OI (contracts) reduces. So in case we see a reduction in Call OIs at a given strike price, we say Call Unwinding.
When we combined the change in OI with change in Price, we infer positions like Long/Short/Short Covering/Long Unwinding
#HCLTech shows how Calls r unwounded for price to move up & new calls r written to create resistance. Max Call writing @ 1,100 but new writing done @ lower strike prices cud provide hurdle.
Analyze #nifty#banknifty#Futures & #Options stocks for #OptionsTrading with #STOXFACTOR
@shubham202 If you are referring to reduction in Total OI + Increase in Price as Short Covering then Yes. We just referred Reduction in OI as Call Unwinding.