As soon as the Highest Call OI strike is crossed Buy that Call with a stop-loss few points below Strike Price. Similarly, as the Highest Put OI strike is crossed Buy the Put with stop-loss few points above the Strike Price.
While many sectors are struggling under the weight of broader market pressures, the insurance sector stands out as a potential area of growth. The Definedge Insurance Index, with its bullish technical patterns, suggests that this sector is poised to continue its upward trend.
The Data Center sector represents one of the most promising growth areas in the Indian market, driven by the expansion of digital infrastructure and increased data consumption.
The indicator is used to determine trend direction and potential reversals. The time frame is key to this method; wider the time-frame, better and more accurate the prediction.
This article explains the significance of ADX indicator & why it should be an important tool in every trader’s arsenal.