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if the RSI is more than 50, then a rise in the price is expected. On the contrary, call option buying will occur if the RSI value is more than 50, however, binary option geek but lesser than 70.
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NOTE : ATM or OTM is with respect to current month futures price and not the next month (even though the strikes are being selected from the next month). For short option take strike from the current/near month that is two strikes OTM from the.
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