Good morning everyone,
Nifty Looks Like to be opening gap down today and crude went up last night, indicating bearishness again entering market.
For banknifty expiry Today, Keep an eye on 36000 PE which acted as major support yesterday and writer kept on shorting this option as much as possible. So, if Short covering starts happening in this option (i.e Price moves up and Open Interest starts falling down, then there will be high probability that we might see expiry to take place on Lower strike price levels today - Probably at 35500 or, below). But if we dont see any unwind in 36k put today there there is a high possibility for sideways to bullish expiry today.
Happy Trading
😊😊
Nifty Looks Like to be opening gap down today and crude went up last night, indicating bearishness again entering market.
For banknifty expiry Today, Keep an eye on 36000 PE which acted as major support yesterday and writer kept on shorting this option as much as possible. So, if Short covering starts happening in this option (i.e Price moves up and Open Interest starts falling down, then there will be high probability that we might see expiry to take place on Lower strike price levels today - Probably at 35500 or, below). But if we dont see any unwind in 36k put today there there is a high possibility for sideways to bullish expiry today.
Happy Trading
😊😊
Elixir Order Flow Trading
✅POSITIONAL BUY✅ INTELLECT is good to buy above 810 with SL of 710 For target 900, 1000
Intellect made a new high of 850 from 810🚀🚀