Positive action likely on weekly expiry. What should Nifty traders do?
Thu, Sep 14, 2023 11:05 AM

Positive action likely on weekly expiry. What should Nifty traders do?

A Flip by Bhavya Sabharwal
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Today marks the end of Nifty's weekly series, ending with a 3.66% inc in price and 8.12% in Open Interest. Bank Nifty saw short covering, increasing by 3.87% & decreasing OI by 16%. The implied volatility in both is higher than the last expiry, with Rajesh Palviya, Senior Vice President, Technical & Derivatives Research at Axis Securities suggesting 'Bull Call Spread' strategies for both indices.

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