The Index tested 18200 levels and next day the Index opened below the close and close near the low indicating that the sellers are trying to pull the market to a rational level.

Today the market opened a gap down, on an intraday basis the market made day high and in the closing hour closed at low. Tomorrow Weekly Contract expiry is there as per data analysis and technical chart we are expecting market to respect 17550 levels and on upside 17950 levels.

For expiry a short strangle can be made. Selling 17500 PE & Selling 18000 CE would be a great trade to take as per data and technicals.

Advice : Make a Short strangle in last half n hour sell at the money CE & PE

Nifty 50

Apr 06 2022