NTPC suddenly shot up in the last hour of trading today.
Looking at the OIs of various CEs, it is seen that 150 CE has the maximum OI (16.08 lakhs).
It has been observed that when a stock rallies beyond the strike price that has the maximum OI, it rallies further for at least another 10%.
Looking at the chart of 150 CE, there is a resistance at 3-3.2.
It can be safely said that once NTPC crosses 153-154, it can rally for another Rs. 15 to say 165-170.
Nothing is certain in the stock market, but it is worth keeping the above in mind and if and when NTPC 150 CE crosses 3.5, you can aim for a target of 15 on it (but trail it, and not wait blindly).
It will also help to keep an eye on how much the OI of 16.08 lakhs reduces, since that will be a big indication of things to come.
Happy trading.....
Looking at the OIs of various CEs, it is seen that 150 CE has the maximum OI (16.08 lakhs).
It has been observed that when a stock rallies beyond the strike price that has the maximum OI, it rallies further for at least another 10%.
Looking at the chart of 150 CE, there is a resistance at 3-3.2.
It can be safely said that once NTPC crosses 153-154, it can rally for another Rs. 15 to say 165-170.
Nothing is certain in the stock market, but it is worth keeping the above in mind and if and when NTPC 150 CE crosses 3.5, you can aim for a target of 15 on it (but trail it, and not wait blindly).
It will also help to keep an eye on how much the OI of 16.08 lakhs reduces, since that will be a big indication of things to come.
Happy trading.....
5 comments:
You have said that, we need watch the OI. OI that you observed was 16.08 Lakhs, it has now increased to 16.28 Lakhs.
So what can be inferred from OI increase? Also, what happens when OI reduces?
Thanks
OI is increasing..this means the 150 CE writers are still strong. When this OI starts going down, 150 CE will start rising, and once it crosses 3.5, NTPC will rise further very fast
hello sir,
i am following your calls since last 2-3 months... they are awesome...
do u provide any paid service?
plz let me know coz i am interested in joining ur service.
thanks
Jaisukh gala
jaisukhg@gmail.com
@ Jaisukh gala
No, I do not have any paid service.
Whenever I spot a low risk setup in options, I tweet the trade.
AP Sir,
Laest news on NTPC 150 Call
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