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Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones.
MUMBAI: Despite the market recovering strongly from Friday’s low, Nifty option sellers have not covered their weekly short positions, sending a note of caution to the bulls. Bearish traders, who sold March 4 expiry Nifty calls from 14,800-15,000 levels, have not only kept their short positions open, they actually added more shorts, show provisional NSE data at 5 pm Tuesday. When a trader sells a call option, she is betting that the underlier stock or the index will not go up. A Nifty call options seller gains when the index trades below the strike or level sold plus the premium received fro...