Bank nifty clearly taking support at 38000 shows the confidence of Put writers and W pattern also gets activated . 38000 OI whole day has shown hold at built size is above 25 lacs.
Crude on daily time frame is ranging between 0.618 finonnaci extension ratio to 0.618 fibbonacci retracement ratio For Big move on either of the sides need to break support and resistance, and for short term view 0.236 to 0.236 ratios are looking good for SHORT STRADDLE STRATEGY
[SGX NIFTY SUPPORT AT 17280/300 If Sustain below these levels for 1 hour then huge Gap Down possible on monday in nifty. Else, will bounce back.