Sir, If we break down the FII Option data based on the amount invested to buy PUT, Sell PUT and Buy Call and Sell Call, will it help to find the next day support and resistance.
One thing we can do is add the traded value of all call side and put side of a particular expiry, but will it be of any value? I am not sure as the value is notional and it is already reflected in change in overall OI.
Please let me know if i am thinking in the right direction.
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