Expiry ki Baat @ 19/10/2023:-
· Nifty trend support seen at 19030 and series support placed at 19140
· Immediate support is placed at 19650 – breach of this can invite further selling pressure
· In Index options, FII and PRO are net short
· Options chain - OI concentration in Nifty is in at 19800CE and 19600PE
· Expect range bound movement if support of 19650 is breached – if held there remains possibility of upside for expiry session/new week
Suggested strategy:-
Sell Nifty 19OCT 19600 put and 19850 call – Inflow @ 25 and maintain SL @ 50
· Nifty trend support seen at 19030 and series support placed at 19140
· Immediate support is placed at 19650 – breach of this can invite further selling pressure
· In Index options, FII and PRO are net short
· Options chain - OI concentration in Nifty is in at 19800CE and 19600PE
· Expect range bound movement if support of 19650 is breached – if held there remains possibility of upside for expiry session/new week
Suggested strategy:-
Sell Nifty 19OCT 19600 put and 19850 call – Inflow @ 25 and maintain SL @ 50