Short Market Report (very short)
Expect the weakness to continue in indices with the weakest being nifty. Bank Nifty and others look mildy stronger than the others. Avoid long positions. Refer to the values mentioned in previous market report about where market can fall. 17500 is support in nifty as per EOD option data. Surprisingly.... 38000 put writer is still strong so... Expecting an expiry around that level.
Expect the weakness to continue in indices with the weakest being nifty. Bank Nifty and others look mildy stronger than the others. Avoid long positions. Refer to the values mentioned in previous market report about where market can fall. 17500 is support in nifty as per EOD option data. Surprisingly.... 38000 put writer is still strong so... Expecting an expiry around that level.