If you observe, Call writers writing the calls only after breaking the each level, where they can generate the fresh resistance, Bulls trapped badly, Nifty can survive only if FII start buying, else, H&S pattern neck line broken. Fresh Nifty Support 17000, 16700, 16365, 15965 Trade, Sell Nifty at 17400 Tgt 17330, 17250, 117150 SL 17525
Call writing does not take the market down or does it? I am not sure about it. Writers are basically expecting to TAKE SOME MONEY OUT For THEIR losing portfolios. Let us see.