YourLazyTrader

Volatility to spike up as option expiry day approaches

Short
NSE:NIFTY   Nifty 50 Index
The option expiry day is approaching and the volatility is picking up steam in NIFTY.

So far, NIFTY has reached the previous high which is a liquidity zone. However, there has
been a lack of follow through buying.

So, there could be a pullback to the 15600 level again over the next two days as the expirty
on June 24 approaches.

I will be shorting the index between 15870-15920 with SL above 15950.
Looking at 15600 as a target
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