i see RSI is favour of Buying and Stock is accumulation zone.
But i see long Deep In-the-MONEY option writing for that stock.
Unable to confirm big player movement.
My conclusion – based on RSI & Delivery % i see stock can give up move at any point of time however when i see PUT writing which is deep IN-The-Money which confuses me weather big players going long on Put writing (Deep in the money) which is berish sign. However i see that stock should go up based on accumulation and RSI analysis.
Any view helping in understanding big players movement will be appreciated or understanding why Deep-in-the money PUT contract is written?