February 24, 2011

Double Inside Day

Range is getting narrower, leaving us with double inside day or as some people call it Dynamite Pattern.Move on either side will be rewarding, till then its rotating markets, where one should be looking at Responsive Trades.
Tomorrow is Expiry day and on 28 its Budget, so because of this event there is nervousness in markets.
Creating strategies for Budget.. whether Budget will be non event for markets or will be major event ??
Have a look @ March Options Table


No major clues from that too , indicating same range NF trading in now.
However Open interest in Puts is more than calls , 5400 PE has maximum OI in all strikes, which is nearly 21lks higher than maximum OI from Calls i.e. 5500 CE. So is it pointing on Rally after Budget ??


No comments:

Post a Comment