Munafa TORNTPOWER (target) price & Options chain analysis (Torrent Power Limited) Option chain analysis (TORNTPOWER) 30 Tue December Expiry
Munafa TORNTPOWER (target) price & Options chain analysis (Torrent Power Limited) Option chain analysis (TORNTPOWER) 30 Tue December Expiry Which Call CE or PUT PE options to buy or sell in Torrent Power Limited TORNTPOWER
TORNTPOWER Option Chain Data Analysis for Torrent Power Limited TORNTPOWER option chain
Maximum Call writing has been for strikes: 1320 1340 1300 1400
Until yesterday Maximum Call writing has been for strikes: 1300 1320 1340 1400
Open Interest of Call writers for the options of Torrent Power Limited TORNTPOWER is shifting downwards. This would mean that markets are slowly moving downwards, and buying CALLS and CE might not be profitable.
Maximum Put writing has been for strikes: 1200 1300 1220 1240
Until yesterday Maximum Put writing has been for strikes: 1220 1300 1240 1200
Open Interest of PUT writers for the options of Torrent Power Limited TORNTPOWER is shifting downwards. This would mean that markets are slowly moving downwards, and buying PUTS and PE might be more profitable. However, above mentioned levels will serve as support so avoid buying PE below those above mentioned levels.
TORNTPOWER Option Chain Price Analysis for Torrent Power Limited TORNTPOWER option chain
Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Torrent Power Limited TORNTPOWER at this time.
It appears as if Torrent Power Limited TORNTPOWER gave a large move recently.
Stock of Torrent Power Limited (TORNTPOWER) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.
My analysis of Torrent Power Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1303.4 as stoploss in an intra day sell trade for a target of 1285.89. However, stock will show a bullish move above 1303.4.
Torrent Power Limited TORNTPOWER Option Chain, OTM CE, ITM PE
Below is full option chain of Torrent Power Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.
Torrent Power Limited TORNTPOWER Option Chain, ITM CE, OTM PE
Below is full option chain of Torrent Power Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.