📍 Index: Banknifty
🗓 24 June 2024
🚨 Big Oi Movement indicates a positive sentiment in Banknifty as all the ITM, OTM, and ATM positions on the CE side showed a short covering , while the PE side spotted a short buildup after 10:00 AM.
🔀 A bullish outlook was suggested by the Trending Oi graph, which displayed a positive crossover with a study increase in put Oi and study decline in call Oi after 10:30 AM.
📈 With all the major data indicating positive sentiment . Banknifty rallied more than 200 pts after 10:30 AM.
*DISCLAIMER: These posts are intended to help users decode Oi data better. These are not a buy/sell recommendation.
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