In the prior chapter, the NSE Open Interest and Price relationship of an underlying were studied. But the financial markets have a mind of their own. It is an intermingling of several of these price-OI relationships which influence the price action and price expectations. We are aware that the ascent and descent of prices is hardly linear. The mathematicians and financial engineers call price movements of underlying assets like Nifty, or F&O stocks as fractal by nature, which are never ending patterns. Fractals are infinitely complex patterns that are self-similar across different scales.
So, inherently there is some sequence and not a linear performance.
The generic sequence has been highlighted ahead, based on NSE OI data.