Tag: opening bell

What Happened Yesterday?

NIFTY started the day with a big gap-down at 21,674 and tried moving up. But from the high of the first candle, there was another 280-point fall in the market. The final hour saw NIFTY dip below 21,600. NIFTY ended the day at 21,571, down by 461 points or 2.09%.

U.S. markets closed in the red. The European markets also closed in the red.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

However, GIFT NIFTY is trading in the red again at 22,409.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,480, 22,400 and 22,340. We can expect resistances at 21,600, 21,680 and 21,750.

In NIFTY, one of the highest put OIs is at 21,500 and one of the highest call OIs is at 21,700. PCR is bullish at 0.54.

Foreign Institutional Investors net–sold shares worth Rs -10,578.13 crores. Domestic Institutional Investors net–bought shares worth Rs 4,006 crores.

INDIA VIX increased to 15.01.

The crazy fall in the market, sponsored by HDFC Bank is what we saw. This one stock alone pulled down NIFTY by 250 points and BANK NIFTY by 1600+ points.

The entire move was results-driven, with FIIs selling shares in the cash market worth nearly Rs 10,000 crores just in a day.

Today is the NIFTY expiry, and there seems to be some fear remaining. Just looking at GIFT NIFTY, it is showing another 200-point gap-down today.

India VIX has gone higher as we hoped, but the BANK NIFTY expiry was tough. Need the higher VIX to continue so that high premiums can contribute to higher ROIs in the upcoming weeks.

There is also, not much of a market-wide selling. IT stocks gained yesterday, and the Midcap index fell only 1%.

The 22,000 level is blown out of the park, so the next important support level 21,480. Hoping there will not be a crazy gap-down at 21,400 as indicated by SGX. Do watch 21,600 on the upper side.

We will be modifying our NIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up of 22,036 at an all-time high. After jumping up 40 points, it fell back and took support at 21,980. The index slowly moved back up and even consolidated for multiple hours. With a fresh all-time high towards closing, NIFTY ended the day at 22,097, up by 203 points or 0.93%.

U.S. markets were closed for Martin Luther King Day. The European markets closed in the red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in the red.

GIFT NIFTY is trading in the red at 22,101.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,080, 21,980 and 21,930. We can expect resistances at 22,120, 22,200 and 22,300.

In NIFTY, one of the highest put OIs is at 22,000 and one of the highest call OIs is at 22,300. PCR is bullish at 1.50.

Foreign Institutional Investors net–bought shares worth Rs 1,085 crores. Domestic Institutional Investors net–bought shares worth Rs 820 crores.

INDIA VIX increased to 13.78.

Today is the FINNIFTY expiry for the week, and also the result day for HDFC Bank. A jump of nearly 30% in net profit and revenue is expected in the quarter. The stock gained nearly 2% yesterday.

FINNIFTY traders have been more cautious this week, with not much aggressive option-selling activity. Total calls and puts sold in the index are also balanced.

Reliance continued its rally to all-time highs(ATH). The midcap index also hit an all-time high yesterday.

In FINNIFTY, watch out for yesterday’s high and low as first support and resistance levels. From there, you should be getting an idea of the day’s move. I am not expecting a big downward move. 

FINNIFTY is also just 0.8% away from its ATH, so there is a possibility that it gets hit today!

NIFTY will likely take support at 22,000 going ahead.

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started Friday with a gap-up at 21,789 and initially fell. But soon it bounced back and hit fresh all-time highs. The market did not stop and kept on going up. NIFTY closed at 21,894, up by 247 points or 1.14%.

U.S. markets closed in the red. The European markets closed in the green.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 22,047.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 21,850, 21,750 and 21,680. We can expect resistances at 21,930, 22,000 and 22,100.

In NIFTY, one of the highest put OIs is at 21,800 and one of the highest call OIs is at 22,300. PCR is bullish at 1.40.

Last week, Foreign Institutional Investors net–sold shares worth Rs 3,900 crores. Domestic Institutional Investors net–bought shares worth Rs 6,857 crores.

INDIA VIX slightly increased to 13.10.

Friday was a crazy rally day in the market, mostly pushed up by IT stocks. Infosys alone contributed almost 100 points to NIFTY. The IT index gained 5.14%.

The bearish traders got caught in the rally on Friday, as the market kept on moving up without any forgiveness.

On Friday, Reliance and Tata Motors silently kept on moving to fresh all-time highs. IndusInd Bank also hit a fresh 52-week high.

The market is moving with earnings in focus currently. Even today, Wipro ADR (share equivalent in the U.S.) was trading 16% up, and hence we can expect a rally in the stock.

HDFC Bank results are out tomorrow. Do keep an eye out for the stock’s moves today near market close.

In a larger sense, NIFTY looks to be ready to touch the 22k mark very soon. Last week’s low of 21,458 can be looked at as strong support going ahead.

Results season + Union Budget in 2 weeks. January is going to be a crazy ride! Let’s hope the VIX jumps back up to 14-15 to reflect the volatility.

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up at 21,694 and started falling. The level of 21,680 continued to be very important throughout the day. There was a quick 70-point fall at 2 PM and an equally fast recovery. NIFTY closed at 21,647, up by 28 points or 0.13%.

U.S. markets closed flat. The European markets closed in the red.

What to Expect Today?

Asian markets are mostly trading mixed, and Japan’s Nikkei continues to keep rallying.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in red at 21,720.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 21,600, 21,480 and 21,400. We can expect resistances at 21,760, 21,835 and 21,900.

BANKNIFTY has supports at 47,420, 47,200 and 47,000. We can expect resistances at 47,600, 47,800 and 47,960.

In NIFTY, the highest put OI is at 21,000 and the highest call OI is at 21,700. PCR is bearish at 0.85.

In BANKNIFTY, the highest put OI is at 47,000 and one of the highest call OI is at 47,500. PCR is bearish at 0.80.

Foreign Institutional Investors net–bought shares worth Rs 1,607 crores. Domestic Institutional Investors net–sold shares worth Rs 865 crores.

INDIA VIX decreased to 12.76.

Over the last 12 days, the index has consolidated in a 300-point zone. NIFTY is still stuck in this zone, and I feel it is not a bad thing.

The U.S. markets closed flat yesterday, even though the Dow Jones just hit an all-time high yesterday.

Hence, there is still bullishness and money in the market. Domestic Institutional Investors are also sitting on top of extra money to invest in the market.

And now ahead of the weekend, we can expect NIFTY to continue consolidation with some intraday volatility. INDIA VIX is expected to increase today.

And now, we are at a bearish point in the market as per the option sellers’ data. When the market moves up with strength, with the PCR continuing to be around 0.5-0.8, then we will be seeing a larger short covering rally up to 22,000.

We will be entering our new NIFTY trades and modifying BANKNIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a good gap-up at 21,655 and fell to 21,600. After bouncing from here, the market shot up to 21,720 and consolidated for 4 hours. After 2 PM, there was a quick fall to the day low. NIFTY closed at 21,544, up by 31 points or 0.15%.

U.S. markets closed in the red. The European markets also closed in the red.

What to Expect Today?

Asian markets are mostly trading in the red, except Japan’s Nikkei which hit its highest since 1990.

The U.S. Futures are trading in slight red.

GIFT NIFTY is trading in red at 21,573.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 21,500, 21,400 and 21,340. We can expect resistances at 21,600, 21,680 and 21,750.

BANKNIFTY has supports at 47,200, 46,950 and 46,740. We can expect resistances at 47,420, 47,600 and 47,800.

In NIFTY, the highest put OI is at 21,500 and the highest call OI is at 21,700. PCR is bearish at 0.65.

In BANKNIFTY, the highest put OI is at 47,000 and one of the highest call OI is at 47,500. PCR is bearish at 0.47.

Foreign Institutional Investors net–bought shares worth Rs 104 crores. Domestic Institutional Investors net–sold shares worth Rs 990 crores.

INDIA VIX decreased to 13.26.

NIFTY has taken support from around 21,500 for the 3rd time in the last week. All three of these had been strong red candles but kept on taking the base at this level.

Even though the U.S. market closed with weakness yesterday, Asian markets are in slight red to flat, despite the fall in the U.S. This is largely powered by the Japanese market reaching 34-year high levels.

Hence, there is a chance for the market to still take support at 21,500 even today. Even with all of this, NIFTY is still down by just 300 points from the all-time high.

For the BANKNIFTY expiry today, 47,200 is a super important mid-level support. The upper and lower bands I will be watching out for are 47,000-47,500. This is confirmed by the highest call and put OI also.

Hope you have a great BNF expiry trading day!

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a small gap-up at 21,751 and tried to break Friday’s high. Once the fall started, the index kept on making lower lows and reached 21,500 by the end of the trading day. NIFTY closed at 21,513, down by 197 points or 0.91%.

U.S. markets closed in the green. The European markets closed in the green.

What to Expect Today?

Asian markets are mostly trading in the green.

The U.S. Futures are trading in red.

GIFT NIFTY is trading in green at 21,700.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 21,500, 21,400 and 21,340. We can expect resistances at 21,600, 21,680 and 21,750.

BANKNIFTY has supports at 47,420, 47,200 and 46,950. We can expect resistances at 47,600, 47,800 and 47,900.

FINNIFTY has supports at 21,270, 21,200 and 21,100. We can expect resistances at 21,380, 21,480 and 21,560.

In NIFTY, the highest put OI is at 21,500 and the highest call OI is at 21,700. PCR is bearish at 0.61.

In BANKNIFTY, the highest put OI is at 47,500 and one of the highest call OI is at 48,000. PCR is bearish at 0.59.

In FINNIFTY, the highest put OI is at 21,000 and one of the highest call OI is at 21,400 and 21,500. PCR is bearish at 0.59.

Foreign Institutional Investors net–bought shares worth Rs 16 crores. Domestic Institutional Investors net–sold shares worth Rs 156 crores.

INDIA VIX increased to 13.46.

NIFTY gave a good red candle in the market yesterday. It went down and took support at 15 December’s high of 21,500.

Based on the international markets’ performance overnight, it looks like the market is set to open with a gap-up. The GIFT NIFTY is indicating a gap-up of more than 120 points.

This will be a good thing for the market as it takes support and moves back up. BANKNIFTY also has a chance to bounce from the 20-EMA level in the daily chart.

Major contributors to the U.S. rally yesterday were tech stocks. Have a watch out for movement in our IT stocks today, results start coming out on Thursday.

INDIA VIX increased yesterday and gave volatility as expected. And today, the game would be how far call sellers can hold their levels without running away.

Even in NIFTY expiry for Thursday, there is good call selling at 21,600 and above. This is where the market is expected to open today.

There are 2 chances: 1. The market is shooting up quickly in the first 15 minutes or 2. The market consolidates near the 21,600 mark with high call unwinding. I would be more confident about a sustained bullish trade in the second scenario.

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up at 21,717 and moved up. It could not break the 750 mark and soon saw a fall till Thursday’s high. After a 2 PM fall, the market eventually returned to the opening level. NIFTY closed at 21,710, up by 52 points or 0.24%.

U.S. markets closed flat. The European markets closed in the red.

What to Expect Today?

Asian markets are mostly trading in the red.

The U.S. Futures are trading in red.

GIFT NIFTY is trading in red at 21,765.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 21,680, 21,600 and 21,500. We can expect resistances at 21,750, 21,800 and 21,840.

FINNIFTY has supports at 21,445, 21,380 and 21,300. We can expect resistances at 21,560 and 21,630.

In NIFTY, the highest put OI is at 21,500 and the highest call OI is at 21,800. PCR is bearish at 0.88.

In BANKNIFTY, the highest put OI is at 48,000 and one of the highest call OI is at 48,500. PCR is bearish at 0.74.

Last week, Foreign Institutional Investors net–bought shares worth Rs 3,289 crores. Domestic Institutional Investors net–sold shares worth Rs 7,295 crores.

INDIA VIX fell to 12.63.

NIFTY showed indecision with a Doji candle on Friday. It was the second one of the week after Monday. 

Axis Bank, Bajaj Finance and Airtel contributed the most to market movement last week, which ended with NIFTY closing flat.

There is still heavy FII Buying in the market with a total buying of Rs 3,300 crores. There was double the selling from DIIs on the other side.

When we are looking into the week, levels in NIFTY should be 21,500 and 21,800. 

When we are looking into this week, the major things to watch out for will be on Thursday. On Thursday, U.S. Inflation Data along with Infy, TCS and HDFC AMC results will be coming out.

There is good buying in the midcap sector, which may continue if the market consolidates.

Personally, watching Monday for some volatility and the VIX to move back up!

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 21,732 and shot up. Once the 750 mark was crossed, there was good momentum and the index hit a fresh all-time high. But the highlight was the last 30 minutes fall to the day-low. NIFTY closed at 21,742, up by just 10 points or 0.05%.

U.S. markets have been closed for the New Year. The European markets have also been closed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading in slight green.

GIFT NIFTY is trading in green at 21,850.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 21,680, 21,600 and 21,500. We can expect resistances at 21,750, 21,800 and 21,840.

FINNIFTY has supports at 21,380, 21,300 and 21,250. We can expect resistances at 21,470, 21,560 and 21,630.

BANKNIFTY has supports at 48,200, 48,080 and 47,800. We can expect resistances at 48,350, 48,500 and 48,800.

In NIFTY, the highest put OI is at 21,700 and the highest call OI is at 22,000. PCR is bullish at 1.01.

In FINNIFTY, the highest put OI is at 21,300 and one of the highest call OI is at 21,600. PCR is bearish at 0.78.

In BANKNIFTY, the highest put OI is at 48,000 and one of the highest call OI is at 48,500. PCR is bearish at 0.83.

Foreign Institutional Investors net–sold shares worth Rs 855 crores. Domestic Institutional Investors net–bought shares worth Rs 410 crores.

INDIA VIX is at 14.68.

Markets topped off yesterday around 3 PM and then fell sharply in the last 30 minutes. BANK NIFTY fell 380 points.

NIFTY has been trading in a wide zone, with a strong base at yesterday’s low of 21,680. This has been the constant support since last Thursday.

Yesterday’s fall would not be of high impact, lowest volume day in the last 2 weeks in the futures and cash market. And international markets have been closed which gave no specific cues for FIIs.

All stocks including IT are still showing signs of strength.

As the month begins, a lot of data will start becoming available. Keep watching auto stocks.

Tomorrow, Fed minutes from the last meeting will be published in the U.S.

For FINNIFTY expiry today, 21-300-21,550 would be a good first range to watch out for. 

All the best for your trades today!

Have a watch out for the market regaining some strength, and if bears get trapped! 

We will be modifying our NIFTY and BANKNIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened yesterday?

NIFTY started the day flat at 21,367 and bounced up. It moved up and consolidated near the day high of 21,470. The consolidation was around the same zone till the end of the day. NIFTY closed at 21,441, up by 92 points or 0.43%.

U.S. markets closed in the green. The European markets were closed for Christmas weekend.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in slight green at 21,540.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 21,400, 21,340 and 21,250. We can expect resistances at 21,500, 21,600 and 21,700.

BANKNIFTY has supports at 47,600, 47,440 and 47,200. We can expect resistances at 47,840, 48,000 and 48,200.

In NIFTY, the highest put OI is at 21,300 and one of the highest call OI is at 21,500. PCR is bullish at 1.18.

In BANKNIFTY, the highest put OI is at 47,500 and one of the highest call OI is at 48,000. PCR is bullish at 1.07.

Foreign Institutional Investors net–sold shares worth Rs 95 crores. Domestic Institutional Investors net–bought shares worth Rs 167 crores.

INDIA VIX went up to 14.67.

There was good consolidation for the FINNIFTY expiry, with the index trading only in a 90-point zone.

It is the monthly expiry in the market tomorrow, and hence there is no BANKNIFTY expiry today. Both NIFTY and BANKNIFTY will be having their expiries tomorrow.

If you have a watch out for the high and low of BANKNIFTY from yesterday, you will understand that these are very important levels for the index. These levels need to be watched for today and tomorrow. 

Otherwise, NIFTY has strongly recovered from last Wednesday’s fall. And all indices are once again very close to the all-time highs.

Even Reliance is very close to its 52-week high! Keep it in your watchlist!

All the best for your trades today!

We will be modifying our NIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened yesterday?

NIFTY started Friday with a small gap-up at 21,304. From there, the market slowed down before jumping back up to 21,400. The day continued with a lot of volatility and even touched the day-low at 2 PM. NIFTY recovered and closed at 21,349, up by 94 points or 0.44%.

U.S. markets closed flat. The European markets also closed flat.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading in slight green.

GIFT NIFTY is trading in green at 21,421.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 21,250, 21,200 and 21,140. We can expect resistances at 21,400, 21,500 and 21,560.

FINNIFTY has supports at 21,145, 21,080 and 21,000. We can expect resistances at 21,300, 21,405 and 21,470.

In NIFTY, the highest put OI is at 21,000 and one of the highest call OI is at 21,500. PCR is bullish at 1.11.

In FINNIFTY, the highest put OI is at 21,000 and the highest call OI is at 21,500. PCR is bearish at 0.82.

Last week, Foreign Institutional Investors net–sold shares worth Rs 6,300 crores. Domestic Institutional Investors net–bought shares worth Rs 8,900 crores.

INDIA VIX overall went up last week to 13.70.

On Friday, NIFTY recovered from the day-lows and closed in the green. This was mainly due to the strength of IT stocks. BANK NIFTY was weak.

And after a 3-day long Christmas break, the market is opening for the FINNIFTY expiry.

FINNIFTY has not closed below the 21,000 mark on a daily basis since December 5. It is expected to be a good support today also.

The first levels to watch out for will be 21,000-21,350. If you are an option seller, you can move around the strikes a bit depending on the opening.

Keep a watch out for the previous day’s low of 21,150, as financial stocks had closed with weakness on Friday.

All the best for your trades today!

We will be modifying our NIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up at an all-time high of 21,55. There was an initial attempt to move up, but the index fell heavily along with BANK NIFTY. A big fall started once the day-low was broken. Including a 200-point fall in the last hour, NIFTY closed at 21,150, down by 303 points or 1.41%.

U.S. markets closed in the red, with a similar last-hour fall(-1.27%). The European markets closed mixed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading in slight green.

GIFT NIFTY is trading in red at 21,114.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 21,080, 21,000 and 20,850. We can expect resistances at 21,150, 21,200 and 21,280.

In NIFTY, the highest put OI is at 21,000 and the highest call OI is at 21,500. PCR is 0.47, highly bearish.

Yesterday, Foreign Institutional Investors net–sold shares worth Rs 1,322 crores. Domestic Institutional Investors net–bought shares worth Rs 4,754 crores.

INDIA VIX is flat at 14.45.

There was some hope in the market that yesterday’s gap-up could trigger a larger rally. But BANK NIFTY’s 9:40 AM candle gave bears some confidence. And after the lower trading range of 47,800 was broken, there was no looking back.

If we are looking at NIFTY today, calls sold are more than double that of puts. Traders have been highly aggressive yesterday.

But the aggressiveness will pay off as the market opens with a gap-down. What we will have to look at is the 21k mark, as the put sellers have made it their safe level.

The higher VIX is ensuring that both good option buyers and sellers are making money in the market. So play your risk right, and you can end up on the green side. Make sure no huge risk trades are being taken.

Will be watching the levels of 20,800-21,300 for solid option-selling trades. A tighter level to predict market movements would be 21,000-21,200.

All the best for your trades today!

We will be modifying our NIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened yesterday?

NIFTY started the day with a gap-up at 21,480 and fell. After breaking Monday’s low in the first hour, the index started to bounce back up. Eventually, a fresh all-time high was created at 21,500. NIFTY closed at 21,453, up by 35 points or 0.16%.

U.S. markets closed in the green(+0.68%). The European markets closed in green.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 21,613.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 21,400, 21,360 and 21,290. We can expect resistances at 21,500, 21,550 and 21,600.

In NIFTY, the highest put OI is at 21,400 and the highest call OI is at 21,500. PCR is 0.99.

BANKNIFTY has supports at 47,800, 47,600 and 47,500. We can expect resistances at 48,000, 48,200 and 48,500.

In BANKNIFTY, the highest put OI is at 47,800 and also the highest call OI is at 48,000. PCR is 0.89.

Yesterday, Foreign Institutional Investors net–sold shares worth Rs Rs 601 crores. Domestic Institutional Investors net–bought shares worth Rs 293=4 crores.

INDIA VIX is flat at 13.86.

Yesterday, our market showed that it still has strength even in tough conditions. The index broke Monday’s low initially but went on to touch 21,500.

FINNIFTY traded in a relatively small zone, even though its levels were not respected too much. Aggressive call sellers initially would have gotten a bit burned if they failed to react to the morning bounce back.

Today, there is a green flag all through the market. For the BANK NIFTY expiry, there is a lot of call selling happening at the 48,000 level. Put sellers are also aggressive. 

But for the initial 10 minutes of the day, we will have to see how BANK NIFTY opens. There is a possibility that current call sellers at the 48k level might get burned and trigger a short covering.

Hence, expecting a trading range between 47,800 and 48,200 for the BANK NIFTY expiry today. You will definitely get a wider range for option-selling trades as the VIX is higher this week.

All the best for your trades today!

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!