Bank Nifty -Expected to bounce from this levels soon in the day. Bank Nifty is below 550 points from 35000 but there are 45k Put writers still active and call writers are NOT shifting there level of resistance to below strike prices. I still dought the move in the morning. If there in no move in the day towards UP side and still put writers on 35000 strick is active with good % of open interest by EOD. we may see a hugh gap UP on Thursday.
Trade closed: target reached:
As Told Huge Gap UP on Thursday morning.