Nifty 25500 PE moved from 45 to 270 by closing.
Here is how I identified the move at the beginning:
1. Change in open interest on CE side was 3.4 crores. It is 3x more than change in OI on PE side.
2. 25500 PE was moving up with OI coming down. It indicates unwinding and writers running for cover.
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@aakankshalovely Exactly. Narayana murthy doesn’t live his own life and planning to not allow others to live their life. There many non-sense peoples shares their idea’s nowadays
@OrderFlowtalks Nothing we can do. We can enter with hedge or lesser positions as overnight is always risky.
Magical Close in Nifty Today. ! Happens only once in 26000 years ,
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@OrderFlowtalks It depends on which we are playing, if we are short tem player, We should be bearish as it made double tops and turning down. If we are long term player then we need to hold for upmove