Today we saw a almost range bound market. Nifty tried to open high but then dropped to lower levels. After that it become range bound.This was not the market to trade that's why I commented in morning to stay focus on stocks and particularly we can sell "Reliance".
Also we have seen positive opening for global market as well.
In OI particularly we can see heavy writing at 11200 level and some call are written at 11250. We can also observe some call unwinding at 11300 level which also sum up to increase in the strength for nifty. Today PCR has increased 14.27% which shows increase in strength of buyers.
Range for nifty have shifted to steep level of 11200 - 11500 for this expiry.
For Tomorrow personally I will be shorting 11200 PE at around 35-40.