Thread by @sanjufunda

#derivatives #nse
Data analysis not an easy task as it's look like.
Today I am talking about specially long or short buildup only. Everyone knows including book says when price going up with oi up is long buildup.

But in reality only few mins or one day buildup not enough to summarise it also confirmation required after any kind of buildup.
Let's explore more...
Any big players in intra or swing trader can't enter in mkt at once it's slow process.

And took almost good time for swing trader sometimes 3-7 days even more. For intraday it's in range of 30-60 mins.
Never judge direction so soon, until after buildup range not break or if some technical combination much better (optional).

In second side option derivative we see buildup happen mostly neutral and its show sentiment but direction only lead by unwinding one side. Big ppl also go wrong and one smart money also hv fear of another smart money.

So mostly when unwinding happened it's lead big move. So as conclusion: do analysis properly, don't jump on short-term oi development. For analysis previously I posted intra tool today I m posting eod data analysis where anyone can easily find oi buildup with narrow range easily.

Need to take last 7days bhavcopy and paste in it. Thanks to old friend Sri for making and sharing with us.
Name of file: Template_for_Futures_Daily

drive.google.com/folderview?id=…