Short Nifty Expiry Day - 27-Jan-2022 17000 PE writers might be trapped at opening and would look to cover. Look for reversal oppurtunities around 16850-16860 around previous day low If Previous day Low not sustained, pyramid on the shorts
BankNifty has traded well bullish for the last 2 sessions, the upmove was led by private banks which are Advancing & trading above previous day highs. After such a sharp upmove, expecting some cool off now. However, 37000 Call have highest (22 Lakh) Open Interest , which if broken with a gap up can lead to further rally upto 37600. Downside highest open interest...
#Reliance at support zone. Can it reverse at the trend support? View negated if the trend is broken and next support is at 1420. #Reversal #Trend #Nifty