Long possibility for reason
a) Last week expiry is doji indicating the higher time frame formation at monthly candle also doji (This is only probability)
b) reason for doji is most of the internal daily candles are consolidation mode and hence this month candle also has chance of formation doji.
c) 28Aprl expiry expecting to close at 17500 and may be because of short covering.
a) Last week expiry is doji indicating the higher time frame formation at monthly candle also doji (This is only probability)
b) reason for doji is most of the internal daily candles are consolidation mode and hence this month candle also has chance of formation doji.
c) 28Aprl expiry expecting to close at 17500 and may be because of short covering.
Trade closed: stop reached:
it looks most of the short straddle is concentrated at 17200.
still expecting 17200 expiry by tomorrow.
still expecting 17200 expiry by tomorrow.
Comment:
expiry happened 17250 .. touched 17300