Thursday, 30 November 2017

Expiry Day

On expiry days, Nifty option strikes of 50s and 100s tend to work as a very prominent decision point.  Nifty future price will do something at these strikes for sure.  It will either get accepted or rejected there and provide us good opportunity to trade.  Today's price action on expiry day in Nifty future explains this very well.  Have a look,

1 comment:

  1. URD Ji,

    I was guessing you may post this today.. i also developed a view that 10300 may trap around 2PM and move in original direction. Unfortunately i couldnt take trade as move was very fast. Not having foucs when it needed most. BO is much better option, i waited for price getting accepted in lower range and missed fall.