Well, absolute silence for the entire MAY series.... though there was a flier yesterday but for no use to any one...!
Even a small kid can easily say that the movement was just a pre-meditated move based on expiry....! After sending out all the long holders and coming back to 7900+ within one session that too just a day before expiry - No one will dare to enter long side also...! Pure gimmicks...!
Even after the yesterday's move - there was no use for double side holders...!
It happens like this sometimes - We can't keep quiet after entering both CALL and PUT options on the same month & need to settle with small margin / re-align positions...!
You might have understood by now - why I was so silent for most of the days in this series.......!
Now It is time for us to move ahead...! Also, we will come to know by tomorrow's weekly closing - whether NIFTY movement was a genuine one or just a dead cat bounce..!
During expiry closing hours - I am sure we can get some clues technically and we can go for our next STM entry...!
Let us wait and watch...!
Good news is that - for JUNE series - NIFTY is all set for a massive width - a range of more than 700 points.... but with " W " kind of zig zag volatility....!
Let us get ready and make use of most of the opportunities....!
Will get back to you after month expiry..!
With kind regards,