Wednesday, 28 June 2017

Nifty Is Likely To Expire In 9500-9600 Range; 5 Stock Which Can Give Up To 14% Return

Trade Setup for Wednesday: Top 10 things you should know before Opening Bell
We have seen aggressive call writing in recent trading sessions as call writers were active in 9,600 and 9,550 strike calls indicating limited upside in the June expiry.

The highest open interest is placed at 9,700 call followed by 9,600 while we are witnessing maximum put open interest at 9,500 strike.

As per the current data, Nifty is likely to expire in the band of 9500-9600 in current series. Till now, most of the Nifty futures has been rolled with the average of 9550 July futures, if Nifty moves above this levels short covering can trigger going forward.

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