Nifty Expiry Special Update: During the 1st hour trade markets are looking daisy

Expiry Special Update10:15: Nifty50 Open- 10094.1, High- 10116.15, Low- 10047.1 and Last- 10090. During the 1st hour trade markets are looking daisy with push coming from NBFC and Banks while IT and Pharma are dragging. Since it’s expiry today we should look at possible cover for our longs with 10050PE and for our shorts with 10150CE.

Unless we break the range specified yesterday vide our afternoon summary we should swing between 10020-10220. This will definitely erode premiums and will affect overall profitability. Though Banks and NBFCs are pushing hard to take markets upside. All eyes will be on the levels to break. Till then Fingers Crossed.