iCharts Discussions

[yashrahul]

Note:Huge unwinding seen in 6100 ce and 6200 ce and huge writing seen in 6100 pe with addition of 9,20,450 in oi and 6200 pe adding 7,23,550 in oi..it seems market is getting ready for the move on the upside lets wait and watch for the end of the day options data but as of now the options data points that the bulls are in command.

[yashrahul]

Note:Today 6100 and 6200 put have been written heavily by bulls with both adding more than 10 lakh shares in oi and 6100,6200 and even 6300 call has shed oi of close to 10 lakh shares each... showing signs of heavy unwinding by bears..the way the rally just rocketed in the closing hours might have given huge hope to those who are bullish on the markets...last week was truncated owing to holiday on friday and the markets played it out today after continuous holiday..will this carry on..options data points towards further move on upside but next week being expiry options data changes very fast......lets watch out in the coming days and then decide...all i can say is best luck

[lakshay]

according to my tech. analysis this upmove is correction to main downtrend which should end by tommorow.

In past have you ever seen smart money buying options (increase in open interest) instead of writing?

[yashrahul]

[thalapathy]

Index Options NIFTY
24-Dec-2014 8,000.00 CE 151.60 126.25 20.08 4,519 2,684 1,835 2,611 1,062.86 6,189.00

Index Options NIFTY
30-Jan-2014 7,000.00 CE 17.00 12.00 41.67 1,910 731 1,179 1,601 561.55 6,189.00

Index Options NIFTY
24-Dec-2014 8,500.00 CE 93.50 72.00 29.86 1,410 619 791 1,024 439.71 6,189.

http://www.nseindia.com/products/content/equities/equities/oi_spurts.htm

[yashrahul]

Note:Huge put writing seen in 6200 put till now with addition of 12,15,950 in oi...this writing of put data suggests we are going higher...lets wait and watch.

[yashrahul]

Note:End of the day also the options data shows that 6200 pe has been written heavily with change in oi of 13,61,500 since yesterday...bulls have become too complacent again and it remains to be seen whether nifty remains above 6200 till the end of the series..going by the way the 6200 put has lost its premium one can say that the markets are not going to go below but....but..my friends same was the case some days back with the calls..they were written very heavily and had lost most of the premium...of course we are closer to expiry then we were then...bulls hold the upper hand as of now but as we have seen time and again..so many times...at these levels bears are never far behind either

[lakshay]

Hey look at historical data of 5700 put in August series on dates 13,14 & 16 August and eod price action in nifty chart. U might see something similar.

[yashrahul]

[yashrahul]

Note:It is too early to mention this but there is s slight hint that market is opening on the down side that is getting ready to go on the down side ...just look at 6200 strike price,6200 call has added 7,03,000 in oi and 6200 pe has lost -2,28,550 in oi...a clear indication that the market is going down.. we have to still wait and watch for the options data after 3.30 pm but very very early indications point for move on the downside...keep a watch on 6200 pe and 6200 ce oi ..lets wait and watch.

[yashrahul]

Note:options data is changing fast at 11.18 (my last post) i had written "6200 call has added 7,03,000 in oi and 6200 pe has lost -2,28,550" and now at 12.40 the options data has changed towards the bulls side slightly.. 6200 call has changed from 7,03,800 to 5,78,600 and 6200 pe which had shed -2,28,550 has now shed only -3,700 in oi....now the bulls have the upper hand lets wait and watch the 6200 put and call oi...it might again go back to the bear's side and bulls might well be left standing...

[chandrujimrc]

Ultimately eating the premium only going on.

[saumya12]

Many thanks to you Yash for your timely posts.

[yashrahul]

Saumya12:Thanks

[adwani1984]

HI
just wanted to know from where u r getting live OI data