Hi Hitesh,
Thanks once again for the clarification.
Today, I have been tracking the OI and Volume data for both Call and Put.
The OI to Volume ratio on Call side started from 425 and started decreasing and is now at 61. The OI was also building on the Call side.
On the Put side, the OI to Volume ratio started from 523 and started decreasing and is now at 61. The OI was also building on the Put side.
What to conclude in this scenario?
Should we say the market is rangebound?
Please help.
Thanks & Regards,
Anirban Deb