Friday, July 23, 2010

Options data for 22nd Jul



Options data shows all sorts of fireworks yesterday - specifically action at 5400 was worth looking at:
17L calls covered and almost 11L puts written - indicates short covering. But still @5400 there are 73L calls vs 66L puts - only a follow up call covering/put addition would make Nifty stronger.

With 1.28Cr of calls @5500 - only a miracle would take Nifty above that level. (before this expiry)




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