Looking at this wonderful day, a day taken aback everyone with its upmove when a curious downmove was being anticipated with the 5th wave of wave c to unfold. We look at the options data and the market with a huge build up at 5200PEand a heavy OI builup at 5300PE suggests of profit-booking and hedging of the sudden long triggered in Nifty. Also profit-booking is seen at 5500CE with still a huge 80 lac OI at 5500CE. An upmove could be seen with gap-up just to give traders another chance of getting into the fiery bear-market. Have a great day. Trade safe and Trade wise.
