Dear All,
Nifty rolled 26% and bank nifty 20%.Long unwinding happened in Bank nifty to the tune of around 1.6 Lakh.Huge buying seen in 5500 and 5600 ce and huge put writing in Feb 5600 .We had suggested almost 10 time decay strategies on friday.we can square off all those in morning opening price.We do not recommend to go long in the first hour of trade rather wait for 1-2hr where lot of carry on trades of friday might get squared off and then trade long.Buying a Feb 5600 CE seems prudent for expiry.The range we feel might be 5470 -5650 in short term.
Nifty rolled 26% and bank nifty 20%.Long unwinding happened in Bank nifty to the tune of around 1.6 Lakh.Huge buying seen in 5500 and 5600 ce and huge put writing in Feb 5600 .We had suggested almost 10 time decay strategies on friday.we can square off all those in morning opening price.We do not recommend to go long in the first hour of trade rather wait for 1-2hr where lot of carry on trades of friday might get squared off and then trade long.Buying a Feb 5600 CE seems prudent for expiry.The range we feel might be 5470 -5650 in short term.
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Thanks and Regards
Rohit Saxena
Losers say it is hard and impossible, but winners say it is hard but not impossible." Rohit Saxena
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