Good Morning Team, Friday Afternoon Bulls again got activated through Bank Nifty & that Pushed Nifty also to join thr party. Though overall structure is extremely bullish based on Friday Closing, I wouldn't like to chase the Gap Up in the morning considering the RSI levels, as an Intraday trader need to gauge the move & make decisive entry. This is one of the most hated Bull rally by many & we could see that Frustration emanating in SM. Remember Markets aren't going away anywhere, all you need to do is just look for Good stocks with Long term & Look to enter at every correction. Never try to time the market & that's a big mistake which I have done in the past. Considering today is Midcap Nifty, which is one of the best performing index in the last 6 months & over heated one. Enjoy as long as it's giving good run on the Upside. Also Banks are propelling BN & FinNifty & expect some breather after today's move. Happy Trading 👍
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🗓 On 11 Dec 2023. (GLENMARK)
📊 EOD Oi ANALYZER shows a long build up from 06/12/2023, which is a good cause to be on the breakout side when the stock breaks its day's high and hits a new high for the day.
📊 Future Oi analysis indicates a tremendous LONG build up beginning around 9:20:00 AM.
📈 GLENMAEK was identified in Market Movers in Oi Pulse after breaking its 9-day high and hitting new higher highs for the day.
📊 EOD Oi ANALYZER shows a long build up from 06/12/2023, which is a good cause to be on the breakout side when the stock breaks its day's high and hits a new high for the day.
📊 Future Oi analysis indicates a tremendous LONG build up beginning around 9:20:00 AM.
📈 GLENMAEK was identified in Market Movers in Oi Pulse after breaking its 9-day high and hitting new higher highs for the day.
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🗓 On 11 Dec 2023
📊 The Options Analysis in Oi Spurts indicates that there are no significant positions being created at the At-The-Money (ATM) or In-The-Money (ITM) levels on the Call side. However, there is a Long Build Up only in the Out-of-The-Money (OTM) options such as the 49800 CE, 51000 CE, 52000 CE, and 52500 CE.
↔️ On the other hand, both the Call and Put options are seeing a short build-up, suggesting that the market is expected to trade sideways, with sellers keeping the market within a certain range. Specifically, there is a short build-up in the 47400 PE, 47500 PE, 47400 CE, 47500 CE and 47300 CE with more than 100% Change in OI in all strikes.
✅ In such market conditions, it is advisable to wait for the market to indicate the right direction with positive Open Interest sentiment before determining the market trend.
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📊 The Options Analysis in Oi Spurts indicates that there are no significant positions being created at the At-The-Money (ATM) or In-The-Money (ITM) levels on the Call side. However, there is a Long Build Up only in the Out-of-The-Money (OTM) options such as the 49800 CE, 51000 CE, 52000 CE, and 52500 CE.
↔️ On the other hand, both the Call and Put options are seeing a short build-up, suggesting that the market is expected to trade sideways, with sellers keeping the market within a certain range. Specifically, there is a short build-up in the 47400 PE, 47500 PE, 47400 CE, 47500 CE and 47300 CE with more than 100% Change in OI in all strikes.
✅ In such market conditions, it is advisable to wait for the market to indicate the right direction with positive Open Interest sentiment before determining the market trend.
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✅ How "Oi Spurts" helped us in avoiding trades in sideways markets
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Good Morning Team, Markets gave nice bit of moves in the Morning & stuck in a range for the remainder of the day with Staddle players enjoying the day. This Market is not in a mood to come down inspite of Overbought territory. Also in Nifty considering the way its trading in Tight range, expect some break out to happen soon. Though Bullishness is overloaded, need to be really careful at these levels atleast on Short term. This Market is literally Trapping the Positional shorts who are out there expecting a Fall due to Over bought zone. Go with the trend, don't try to time to the fall, which will eventually happen when you are least prepared. Overall BN has some legs to catch up & Nifty might play second fiddle. Happy Trading 👍
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🗓 On the 12th Dec 2023 (BANKNIFTY)
📊 The Trending Oi indicates
a Buildup in the change in CALL Oi ⬆️
and a significant Covering on the change in PUT Oi ⬇️
📈 The option charts on the 47700 strike clearly show a big increase in CALL Oi ⬆️ and a fall in PUT Oi ⬇️,
✅ Indicating that PUT Writers are unwinding positions on the PUT side while establishing significant positions on the CALL side.
✅ ENOUGH REASONS TO BE ON THE PUT SIDE IN BANKNIFTY. ALSO IV DATA SUGGEST IT CAN BE A WRITERS PARADISE
📊 The Trending Oi indicates
a Buildup in the change in CALL Oi ⬆️
and a significant Covering on the change in PUT Oi ⬇️
📈 The option charts on the 47700 strike clearly show a big increase in CALL Oi ⬆️ and a fall in PUT Oi ⬇️,
✅ Indicating that PUT Writers are unwinding positions on the PUT side while establishing significant positions on the CALL side.
✅ ENOUGH REASONS TO BE ON THE PUT SIDE IN BANKNIFTY. ALSO IV DATA SUGGEST IT CAN BE A WRITERS PARADISE
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