July 2/25
Global Dow closed -2.3% on Friday. Asian markets are in red. ~ -0.5% Dow Futures are positive (holding 25k level). DAX, FTSE are in red. SGX is in red by 50 odd points. Option chain 10500 has the highest OI at 25L. Near equivalent of 11000. The OI is not looking straight-forward to me. Put premiums decreased more but CE premiums didn't rise as much. 10300 PE-CE lost value by 40 points. My hunch is that -1 x 10300 PE and -2 x 10500 CE is a writing that's happening. This would give a range of 110 + 63.4*2 = 236.8 It's breakeven from 10040 to 10591 Unable to judge well for Nifty Bank FnO Data Pros, Clients have the biggest positions that are opposing. Pros have other bearish positions. Looking for a flat to negative opening. Charts & technicals On the weekly timeframe, Nifty made a dojo candle. A candle of indecision. Watch out for the low or high of it being taken out. Plan for today The upside is looking limited thus making me have a bearish hunch overall. Plus, risk-rew...