Today Nifty closed below 17500,
at 10.32pm, Dow -60 points, Nasdaq +7 points & SGX Nifty -90 points,
Slightly negative opening expected,
Call side highest OI at 17500 & Put side at 17300, Cumulative highest OI at 17500 & 17600,
After flat to negative opening, Call side premium may decrease in first half and in second half we may see put side premium reduction,
First and second half opposite movement expected,
Expiry may happen 17450-17550
Trade,
If Nifty break 17350 at down side,
Short Nifty,
Tgt 17250,17200
SL 17425
If Nifty crossed 17425,
Long Nifty,
Tgt 17475,17525
SL 17350