Published: November 23, 2020
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Keep Kotak Bank in radar for tomorrow if sustains above 1900 Trend : It’s at New 52 week high Options Data : 1900 strike has max call OI and it’s last week of expiry. Price sustaining above 1900 will make call writers run for cover leading to a further short covering rally.
In last week of expiry, always keep stocks in radar which are 1-2% away from max OI. If the max OI strike is breached and if there is unwinding. It can lead to a short covering rally. Also Gamma works in your benefit.