Recently,
NTPC
showing strength and buying pressure is building up constantly. Volume of past weekly data shows huge buildup is taking place near the marked yellow zone.
While considering open interest of the future data, at Rs.450 there are huge call writing have been taken place. But current future vale of ntpc is at Rs.455, maybe we can see huge selling or a very aggressive breakout when every 9577k call writers close their positions.
Anyway, company announced that, they are going to generate more energy in 2024. So, we can assume there is a potential demand for it.
NTPC
showing strength and buying pressure is building up constantly. Volume of past weekly data shows huge buildup is taking place near the marked yellow zone. While considering open interest of the future data, at Rs.450 there are huge call writing have been taken place. But current future vale of ntpc is at Rs.455, maybe we can see huge selling or a very aggressive breakout when every 9577k call writers close their positions.
Anyway, company announced that, they are going to generate more energy in 2024. So, we can assume there is a potential demand for it.
