OI Dynamics
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I have attached the OI dynamics of DR Reddy.
Question is: today 20/07/2023 DR Reddy has given BO 75 minutes of the candle and the price was moving up sharply. when looking at the OI Dynamics, Call and Put lines were flat with the call line above the Put lines. screenshot attached.
How to decode OI dynamics in such scenarios? i was under the impression that there are high-call writers and they will bring down the prince but it didn't happen.
please help to understand.