Since the last post on NTPC, with specific reference to the OI of 150 CE, it seems the 150 CE writers are not willing to give up, and in fact the OI has increased from 16 odd to 18.72 lakhs.
The levels on the 150 CE chart indicate that the CE can rise to 1.5-1.8 or even 3, which means the stock can cross 150, but as long as NTPC does not cross 153, these CE writers are safe with their written CEs.
Since we are heading into expiry week, this OI becomes even more important, and hence needs to be closely watched.
Those who have bought the CE below 1, can consider booking it near 1.5, but at the same time need to keep an eye on the OI of this CE.
It is possible that the CE might lose in price from 1.5, but the OI too can start reducing.
Another hint can come from OIs of 145PE (OI 3.34 lakhs) and 150 PE (OI 2 lakhs). If these OI figures start going up, NTPC can rise
If this happens, it is worth buying it again below 1.
It is all about the Push from the OIs of the PEs and the pull from the OI of the CEs, and whoever is stronger will win.
To summarise - watch for RISE in OI of 145 and 150 PEs, and also FALL in OI of 150 CE.
If this does not happen, NTPC will once again disappoint bulls, as it has done so many times of late.
If following so many figures is difficult, just wait for updates on Twitter.
Happy trading .....
The levels on the 150 CE chart indicate that the CE can rise to 1.5-1.8 or even 3, which means the stock can cross 150, but as long as NTPC does not cross 153, these CE writers are safe with their written CEs.
Since we are heading into expiry week, this OI becomes even more important, and hence needs to be closely watched.
Those who have bought the CE below 1, can consider booking it near 1.5, but at the same time need to keep an eye on the OI of this CE.
It is possible that the CE might lose in price from 1.5, but the OI too can start reducing.
Another hint can come from OIs of 145PE (OI 3.34 lakhs) and 150 PE (OI 2 lakhs). If these OI figures start going up, NTPC can rise
If this happens, it is worth buying it again below 1.
It is all about the Push from the OIs of the PEs and the pull from the OI of the CEs, and whoever is stronger will win.
To summarise - watch for RISE in OI of 145 and 150 PEs, and also FALL in OI of 150 CE.
If this does not happen, NTPC will once again disappoint bulls, as it has done so many times of late.
If following so many figures is difficult, just wait for updates on Twitter.
Happy trading .....
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