Nifty TOI 19800
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Nifty 19800 TOI indicating that there could be some weakness in Nifty from here. It was bullish from morning till now.
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Sir, I have a doubt. As per my understanding from the videos which I have seen TOI Line going is bullish and going down is bearish. Also TOI is the total open contracts of a set of given strike prices. So when the TOI Line is moving up that mean open contracts are increasing and when TOI Line is decreasing then the open contracts are getting closed. But how that can be related as bullish when line is going up and bearish when the line is going down. Because when the open contracts are increasing that can be because of more put writing or call writing.
