Nifty Analysis 1st Feb
Nifty:
ATM Straddle Price is 470 Rs. We have just 2 days to expiry. Price is very high bcz of the event and Hight IV.
once after the event IV will crash and those who is having a short straddle will have a break-even at 2.75% ie upside 17825 Upside and 16875 Donside.
There is huge call writing in near strikes 17300, 17400, 17500 Calls and 17800. But downside 17300 Puts and No significant put writing till 17000.
We have to observe Short covering in 17300 Puts for downside and 17400 and 17500 calls for upside.
As per the chart,
NIFTY has to close decisively above 17400 for 17670 and 17800 Levels its has to close below 17180 for 17000 and 16800 levels
ATM Straddle Price is 470 Rs. We have just 2 days to expiry. Price is very high bcz of the event and Hight IV.
once after the event IV will crash and those who is having a short straddle will have a break-even at 2.75% ie upside 17825 Upside and 16875 Donside.
There is huge call writing in near strikes 17300, 17400, 17500 Calls and 17800. But downside 17300 Puts and No significant put writing till 17000.
We have to observe Short covering in 17300 Puts for downside and 17400 and 17500 calls for upside.
As per the chart,
NIFTY has to close decisively above 17400 for 17670 and 17800 Levels its has to close below 17180 for 17000 and 16800 levels
Penafian
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