Renuji, Namaskar. Would you please comment on what this open interest indicates. As for as my understanding goes, I feel open interest has increased less than gain in nifty. Kindly guide. Thanks and Regards, ttthakur
i posted this chart to show that open interest has remained flat in this series,and as per my knowledge when open interest goes flat during a rally ,it warns that uptrend is going old and one should trade in longs with tight stop loss and avoid new buying.
Renuji,
ReplyDeleteNamaskar.
Would you please comment on what this open interest indicates.
As for as my understanding goes, I feel open interest has increased less than gain in nifty.
Kindly guide.
Thanks and Regards,
ttthakur
Hello ttthakur ji,
ReplyDeletei posted this chart to show that open interest has remained flat in this series,and as per my knowledge when open interest goes flat during a rally ,it warns that uptrend is going old and one should trade in longs with tight stop loss and avoid new buying.
Renu
Thanks, Renuji.
ReplyDeleteRegards
ttthakur