Yesterday markets saw a strong bounce and a close above 6000 levels and bears might take control from today for this expiry if a break of 5950 levels happens initially.
Options saw huge accumulation in near strike puts and unwinding in ITM calls. There was a wild shift during intraday in implied volatility swinging in favour of bulls and bears alternatively.
Any break of 5985 levels would initially favour bears to a large extent today and a subsequent break of 5950 should see a strong correction towards the levels of 5876.
No comments:
Post a Comment