Option Chain is janampatri of CE and PE activity in the market. On a day when BNF moved 750 points we expect huge CE unwinding and good PE writing across the board. It becomes more important when the rally is coming from almost good low and against all round bearish view.
Now what about the downmove & where the game begins ??? If we analyse the monthly data of BNF then we can see some interesting
So basically EOD data saying, if we go up above 34500-34600 zone huge CE writer will be trapped to the tune of Rs 2.85
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