Comment on Open Interest, MaxPain & Put Call Ratio(PCR)
commented on
16 Apr 2016, 02:17 PM
Thanks for reply, but I didn’t get my answer.
I am not asking you any suggestion / recommends on my trading strategy. Just I want to know can I understand the OI theory properly or not.
1) Lets come to the point, I want to buy nifty call options ( at 7800 ) based on the above analysis. Because, I feel that there was huge support for nifty at 7800 and it may rally towards 8000-8100 in near term . Or I want to buy a nifty put options ( at 8100), because, I feel that there was huge resistance for nifty at 8100.
2) In some wesites I was read as a high OI options at same strike rate (call or put) will give profits. ——– This is only a advise I never take decision with out research……
Is this right or not (based on the OI analysis).
I am requesting to pl give me a support as a friend not as a business concern.
I hope u will understand and clarify what I want to know……..
Thank u once again.