Although Nifty was very strong in the first half, and the PCR at 6300 strike price went to as high as 1.8 (very bullish), the fall in the second half has damaged the Options positions and the PCR at 6300 crashed to a low of 1.07 towards the end, thus putting the 6300 level under threat for this expiry !.
Bulls need to be really worried if this falls below 0.9 in coming days, after which they can forget 6300 for this expiry.
If 0.9 - 1.0 is protected, bulls can expect another rise above 6300 next week, before the results season kicks in.
Bulls need to be really worried if this falls below 0.9 in coming days, after which they can forget 6300 for this expiry.
If 0.9 - 1.0 is protected, bulls can expect another rise above 6300 next week, before the results season kicks in.
No comments:
Post a Comment