Navigating Expiry: Nifty swings between red and green amid tussle at 22,200; use long straddle
Overall , experts expect market to stay within this 200 point range for today's expiry.
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Overall , experts expect market to stay within this 200 point range for today's expiry.
On the weekly chart, the index has formed a long bullish candle, forming a higher high-low compared to the previous week, and has also closed above the same, indicating a positive bias.
Volatility is back down at very low levels, with the VIX Index closing at 12.63 yesterday. When volatility is low, options become cheaper, so today we’re…
The options data suggests that the trading range for today's expiry is between 19,700 and 20,000. Nifty Put options OI concentration is the highest at 19,500 followed by 19,600 and 19,800 which are likely to act as support with the highest writing at 19,800 and 19,700 strikes.
Volatility is dropping back down again, with the VIX Index closing at 13.84 on Friday. When volatility is low, options become cheaper, so today we’re taking a…