Monday, 22 October 2012

Nifty Expiry Week


Nifty closed just below the crucial 5720 level. I don’t expect the range to be broken before the expiry to let the option writers on CE as well as PE side to eat the premium. So, only intra trades till expiry looks like which I don’t do anyway.
Hourly chart below, with Nifty range highlighted. Has been an month of great whipsaws, expect an violent move in the November series …


Nifty_Hourly_22_Oct

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