Nifty Future chart August Series :
Perspective : With 6 sessions left for expiry ( including today) , the focus shifts from the external to the internals.The cues will be from Option Open Interest as option writers take center stage. Follow the Kris commentary to get up to speed on what the market is doing with option and future volumes.
Option Open Interest is another form of “volume at price”- another name for Volume profile analysis.
Back Ground :-
1) Huge gap between 5325 and 5233 which is a single print seller.
Chart Speak :
1) Yesterday was a Neutral day ending at the day’s developing point of control.
2) Failed auction at 5014
3) 2 day market is in balance also
4) Inside day yesterday.
