Highest Call writing at 47000 strike with 13.70 Lakh Contract followed by 10.49 Lakh at 46700 Strike and maximum Put writing at 46500 strike with 13.16 Lakh Contract followed by 9.23 Lakh Put writing at 47000 strike.
It is expected Nifty F&O expiry between 46700 - 47000 level.
Contra trade can be initiated if Nifty come near 46700 or 47000 level either through Option or through Future.
Trade closed: target reached
Crossed 47000 level and made high near 47440 level then profit book and contra trade drag Banknifty near 47000
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.