I hope you remember me. I used to appreciate you. Now a days I see your posting from my mobile phone and do not bother to make comments due to tight work. I need a help from you. If you dont mind, please help me.
Topic: Nifty Options - Open Interest - Option chain - change in open interest - doubt in my mind
(I had read the article Open Interest Analysis from investopedia.com and a doubt arose in my mind)
Question. Suppose I want to buy 1 lot CE 5700. Is there somebody somewhere in NSE who is writing that 1 lot CE 5700 for me. Or there is no need for such a writing. Even if no body writes CE 5700 can I buy it from NSE. (If some patient needs 1 bottle of O positive blood, some body had to donate 1 bottle of O positive blood to blood bank - I mean blood will not come from "no where". ) What about options? Will it come from no where? Simlarly if I wish to write 1 lot CE 5700 is there a need that someone must be available to buy that 1 lot immediately at the other end?
Madam may I use your thread to request other viewers also to post a reply for the same (with your permission). Sorry for the inconvenience for encroaching your thread.
Watchout Nifty spot 5636/5658 for a shortterm trend reversal today.
Nifty will turn bullish only if closes above 5658 today.
Today's crucial support is at 5582/5592.
See my technical levels (5636-holded till 3.00pm and 5658-kissed and dropped immidiately)-this is power of technical levels,if today's high of 5658 is not broken on monday you can initiate shorts,otherwise wait for a lower low to be formed.
Thanks for your concern,but it is not that I am upset with the last call I gave,I am upset because I couldn't spend more time to read the charts daily due to my heavy workload in my home.That's why I prefered to stay out.
Nifty spot will face resistance at 5602/5658 for this ongoing rally to take a breather.
I am one of those thousands of Admirers you have earned in such a short span of time. It looks to me you were slightly upset with the last recommendation you have made and decided not to give anymore.When on 99 occasions you are right and if on one occasion you happen to go wrong , I think you should not lose heart.We all are waiting to hear more from you and support you to reach a record total of 3 lakh and more posts.I hope all your Admirers must be feeling same way.
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