Hello,
Please let me know if my understanding is correct here, the screenshot is around 10:45AM,
How i read this is : The ITM data for CE and PE there is no unwinding i.e nothing in -ve in the change in OI tab, clearly pointing to sideways market and more so expiry should be around 24600 levels,
However, had there been some -ve data point in this option chain it would mean that those writers (CE or PE ) are unwinding their positions and more likely the market would move to the opposite direction,
Also, could you help me understand based on your experience what is the number (in lacks) where you would consider the particular level to be more strong from the tab of OI.
If you feel there are additional things that i need to refer/look while seeing the option chain or have any resources that have helped you please share those as it will help me in my journey.
Thank you for your time in reading this and helping.
Have a Nice Day