October 26, 2018

NIFTY options open interest distribution

- highest OI is at 10000 PE
- this is expected to offer support
- if 10000 breaks (more precisely 9950) and OI does not come down, expect an even bigger fall

- note option writers keep hedging/ adjusting their positions
 -so your primary trading tool should be based on a chart (indicator or pure price action)

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