Looking at ITC option chain and it shows long build up on put options

[curiousvi]

@Qrious_Kamal

only infer and not assure ,

@Qrious_Kamal

If the market goes above this strike price, then the call writers will cover their shorts leading to a price resistance at that price.

I am little confused here …if market goes above that call strike price than call writers will start covering their shorts but that will actually increase the price above strike even faster …so why do you say it will lead to resistance …basically it will break that resistance…correct me if I am wrong.

@Qrious_Kamal

If the traded quantity increases by 10,000 and 10,000 buyers reduced, then we can infer that 10,000 passive sellers became aggressive by selling at market and leaving with their money

Here is another confusion…you said qty traded increased so buyers reduced …I understand that part but when u said sellers became aggressive by selling …do u mean sellers became aggressive at little less price than they originally wanted (which is why they were in queue or passive)