In the morning, the 1st candle itself our resistance level 17800 was broken. This triggered stop loss of CE sellers. These stop loss orders fueled market to push on upwards. By seeing this up move in the morning session 17800PE was shorted, by expecting expiry will happen above 17700 level (break even point for 17800PE sellers is in between "17650-17700").
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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.