Markets are behaving in line with previous Idea.
As per development of Monday Options Chains behavior, Volatility Smile, Open Interest, Option Greeks-
7963-7973 NIFTY17JANFUT is looking supply area.
NIFTY17JANFUT indicating to reach 7783-7815 levels at start of new year
Stop Trigger for this idea will be 8080* NIFTY17JANFUT
This is an idea I am publishing from Jan Nifty Futures point of view as this will become new rollover contracts after 4 trading sessions
Reason on below idea:
Underlying base is shifting downwards due to available room for more Options dilution in derivatives
Market is fertile to give these levels (7785 -7737 in futures) any time on/after...