Hi Traders,
Here is Nifty Option Chain of 02nd Aug 11(Tue). Equity markets around globe are moving down.For the past 2 days, cuts in Europe Equity markets are deeper.Take note of the sentiment.At least for next few sessions neutral to bearish approach may be appropriate.
Notice the OI build up at 5600 , 5500 calls . Any Short strangle traders out there?Please be cautious as 5400 may be vulnerable , hence 5400 put writers/sellers.
No comments:
Post a Comment