Nifty views for 27th the Expiry Game:
After having a close look in Nov and Dec OI i feel they have added shorts in Dec 8500 CE and on PE side not much addition.....whereas if we see nov expiry 8500 CE decent OI and at 8400 PE huge OI so range should be 8424-8489 if either side is broken then we can see 8389-8363 sharp recovery from there might be expected similarly if 8489 is broken then we can see 8521 and sharp fall might be expected from there....So trade accordingly...there are chances that if it stays below 8363 then expiry might be below 8363 or if stays above 8512 then expiry above 8522........All these levels are based on pure assumption and only after watching tomorrows OI addition in morning 1/2 an hr we will get clear picture....there is possibility that they short 8450 CE and PE and 8500 CE and 8400 PE so expiry can be flat (8448-8452) anything is possible based on what is there in Big money's mind......Lets see tomorrow morning
Strategy :
If nifty opens below 8469 it can go upto 8452 and if it breaks go for target 8433 and 8424
One can enter in CE with 5 point SL if SL triggers reverse your position
Similarly if it opens above 8470 and moves towards 8489 levels one can short with SL of 8503 and if SL gets triggered reverse your position.
Levels to Watch for longers 8433 and for shorters 8489 These are breakout levels.
As far as nifty hold 8290 level long erm view is Bullish only
After having a close look in Nov and Dec OI i feel they have added shorts in Dec 8500 CE and on PE side not much addition.....whereas if we see nov expiry 8500 CE decent OI and at 8400 PE huge OI so range should be 8424-8489 if either side is broken then we can see 8389-8363 sharp recovery from there might be expected similarly if 8489 is broken then we can see 8521 and sharp fall might be expected from there....So trade accordingly...there are chances that if it stays below 8363 then expiry might be below 8363 or if stays above 8512 then expiry above 8522........All these levels are based on pure assumption and only after watching tomorrows OI addition in morning 1/2 an hr we will get clear picture....there is possibility that they short 8450 CE and PE and 8500 CE and 8400 PE so expiry can be flat (8448-8452) anything is possible based on what is there in Big money's mind......Lets see tomorrow morning
Strategy :
If nifty opens below 8469 it can go upto 8452 and if it breaks go for target 8433 and 8424
One can enter in CE with 5 point SL if SL triggers reverse your position
Similarly if it opens above 8470 and moves towards 8489 levels one can short with SL of 8503 and if SL gets triggered reverse your position.
Levels to Watch for longers 8433 and for shorters 8489 These are breakout levels.
As far as nifty hold 8290 level long erm view is Bullish only
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