Thursday, April 15, 2010

Continued trade in nifty

As said in the after noon short trade is being carried as nifty traded
below 5320 and also closed below 5320 as well as 5280, now SL for the
above trade is a 5 min candle above 5330 and this will come lower day by
day.

Nifty OI data
5300 put see unwinding of 10% and now OI of 89 lac.
5300 call add OI up 23% and now OI of 69 lac .
one more day of closing below 5300 will see more unwinding in puts and
addition in calls.

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