Maha Expiry of the Year 2020
Do not fight with the Market. If one is not able to find direction it is better to take
rest for sometime. I am a student of Stock Market and Learning every day.
Seriously since last two years I have not come across this type of DATA in OC.
You may not believe that the CE writers are feeling huge frustration.
Excess PUT writing over CALL writing is 1937 times.
IV is not favoring PUT buyers at the same time unusual unwinding at 13000 PE (can be ignored)
13900 PE writing is 2.88 times more that 14100 CE writing.
So today's data speaking of Bullish Bias with seer abnormality in equilibrium theory.
As per OC range is 14045.28 to 13918.62 and breaking either side fresh Break out or Break down is possible.
Now Coming to Vix and IV inputs the range of support and resistance are as follows:
As per Math-0-Magic Nifty close at good level after visit and revisiting at upside consolidation level and next two levels are 14068/14095 are next important resistance level with support at 13962
So far my little understanding on participants Data FII are super Bullish and they are killing fake bullishness of Clients
Clients Sold Puts and at the same time bearish in Index FUT.
IV and Clients are not allowing the Price to fall as they supposed to dip to that extent. Kaal kuch vayankar hone wala hai.
I will not welcome any GAP and with Broad IB range for better price action move.
I will not welcome any GAP and with Broad IB range for better price action move.
Tomorrow Expiry day all conventional data do not work, however Roll Over data was running bullish for last few days.
Long CE of FII and INDEX FUT are restricting fall.
watch out for D candle tomorrow to catch the tendency of the price action.
watch out for D candle tomorrow to catch the tendency of the price action.
Happy to see all of us are alive and in good heath and interacting with each other. Hope 2021 we will fight with Strains of Corona and keep enjoying out lives.
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