facts are facts

5oct, 02.15pm

dear sim

you have asked whether i still stand by my options data analysis (as of now) especially seeing the stretched scary continuing fall.

350 years ago, galileo was summoned by the catholic church and taken to task for having said that it was the earth which revolved around the sun and not the reverse.

galileo was coerced to change his statement into "the sun revolves around the earth".

when he came out, his students and admires were angry with him

"why did u change ur statement?" they asked
to which he had famously replied
"the sun will not start revolving the earth just because i changed my statement!"

so, how can i say that nifty will give way

especially since the options data as of now clears shows MASSIVE out-of-money put buying.

there is an army of retail traders waiting down the lane for nifty to fall and rain money on them. as i said in the morning, operators will loose much more on downside than upside. upside they stand to gain. of course it is also true that they can't wind up the act without a trigger.

the fact still remains that fundamentals effect equity, equity effect futures, futures effects options, and options is what reveals the game of operators.

the very fact that you and others are so much in panic shows that operators are being successful in what they are trying to do.

i don't mind the operators crashing the nifty, but there has to be supporting data.

even i am now eagerly waiting to see what happens next.

i want to see how operators clean up the mess they have created without burning their own fingers.