Pressure on Nifty may continue for 1-2 sessions post which Nifty is likely to reach 20200 & up. Indiavix has risen again yesterday indicating bears are in a mood to stand up against bulls. Upside looks restricted to 20150 and downside to 19836 today.
Trade closed: target reached:
Pressure seen in 2nd half of the trading session on 15 min chart. The range was respected, though the premiums didn't shrink as expected for Options sellers. For a penultimate day to weekly expiry, this indicates volatility cannot be ruled out in the next session.