![]() ![]() So base is being built at 5800PE, which would be anyway Tested. ![]() ![]() Today the CHG in OI at PE being added Below 5900 (in 5700, 5800) was 16L. Today the CHG in OI at CE being added above 5900 (in 6000, 6100) was 19L. That is when I asked to close the positions at 5945 and the market finally closed at 5927. If it is more than 2 then I take it as a Strong Bear.Īt the time I wrote as "Weak Bear", 5900 was indicating as "Bull" and you saw the market coming UP from 5908 to 5960. ![]() So i don't consider what is happening below 5700 or above 6100. Here the "Overall" means only my 5 strikes. I calculate the overall Trend using the Overall "CHG in OI. So it would be ATM strike, 2 ITM strikes and 2 OTM strikes.įor Each strike, I find what is the Trend, It could be either BULL, BEAR or FLAT. When Market was trading around 5930, I always take the 5 strikes for my calculation. :thumb: Enjoy money making and thank Raj for this knowledge bank. For those who are too lazy to go through the whole thread. Here are the list of all the posts by Raj at one place. ![]()
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