WHATS HAPPENING

Markets just about moved away from the 5000 zone before last settlement...5000 puts of JAN OI got built up from there on( It should provide support in some serious selling)..5200-5400 Options OI build up then onwards..By keeping the market in a range , The option buyers are on the wrong side of the trade as usual as on a daily basis the options will shed the value..A few more days around this zone and someone makes good money in Option Writing..keep booking as we go up..wait for good dips to get in...cheers