Quarterly results Analysis

[Nitin Bhatia]

All,
I am creating this topic after seeing huge OI change in ICICIBANK just before Q4 result declaration.

Normally, for stocks PUT is used as protection (Hedging),
There was 3,719,375 (268%) options contracted created for 380 PUT.

There is no volume for today, does this mean big player sees sharp fall after Q4 result ??

[Nitin Bhatia]

As per chart view doji is there but wick is small just watch for 410 in charts as per back text delivery % 4 Feb 28 Feb 45% then after it is crossed 48×9 EMA crossed and up trend has started. From 1 march to 20 TH march delivery percent has been increased to 54% then after last Apr month delivery % is 45% as per Fibonacci resistant its is in no trade zone the nearest support is 382 and resistance 410 as per my analysis NITIN sir clarify more. THANK YOU

[Nitin Bhatia]

Dear all
Nitin ji already long back intimated in one of his streaming that smart money is being removed from banking sectors and we can clearly see the effect on almost all bank results so please be careful before investing in banking sector I would advise all to wait till the new RBI circular as directed by Supreme Court which will be released after elections

[Nitin Bhatia]

I agree with Manish..Wait for RBI circular.

[Nitin Bhatia]

Agree sir,

today’s fall was dragged by ICICI BANK > 3.8% down & looks it will further down till 380.

My question is,

who did this heavy PUT writing exactly on result day??
Amount required for this can be afford by BIG player only

[Nitin Bhatia]

Option writing is done by Smart Money only…Retail investors cannot afford.

[Nitin Bhatia]

You cannot conclude that..You have to observe the last 3-4 weeks movement before any final conclusion.

[Nitin Bhatia]

Thank you, Sir

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