vyas1394

Nifty view and levels for 27/05/2021

NSE:NIFTY   Nifty 50 Index
NSE:NIFTY
The important levles are marked on a 15min closing basis.
Tomorrow is monthly expiry hence i am not giving any imortance to the OI Futures data.
Sgx nifty is currently trading higher close to 15379. 15400 and 15500 has good open interest. Both of these levels can act as good resistance if it gaps up.
on the down side 15200 has huge open interest that will act as good support as well.
I am short on 15500ce and 15000 pe from monday onwards and i have sold 15150 pe and 35200ce in bank nifty today,for this expiry.
European markets opened with gap up but ended in a bearish bias. America faced selling but recovered and trading flat now. i am expecting expiry to be between 15500 and 15000.
Banknifty still has good OI at 35000. hence it can act as a good resistance. If this is crossed on a decissive manner that may propel the markets higher.
Huge volatility can be witnessed in the market

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