A massive move by Banknifty yesterday.
Today, I expect the market to move sideways or have some volatility within the 41700-41000 range. Considering, today is weekly expiry, lot of people might square off their position or take new position.
I would go long with 100% position only if the BN tests 41500 level. All the people who have shorted Calls at 41500 levels would run for cover moving the price higher.
Today, I expect the market to move sideways or have some volatility within the 41700-41000 range. Considering, today is weekly expiry, lot of people might square off their position or take new position.
I would go long with 100% position only if the BN tests 41500 level. All the people who have shorted Calls at 41500 levels would run for cover moving the price higher.