Observation:
Last 5 days
Nifty OI +8.32%(mostly shorts)
Bank Nifty OI +0.64%(mixed)

Last 2 days volume dropped in both indeces
PCR nearing oversold levels.Lowest PCR seen recently was 0.71 and 0.54.BIG BOY CLUB measurement

OI data bearish but some hedges taken against shorts

Nifty -150 and Bank nifty -500 from day highs on yesterday's bearish data

Trade taken yesterday is now 2%+.Meanwhile Nifty gap up +150 then -150 from there to get traders chopped both side.We are in chillax mode 😎

Same trade for us too

Please note that the above trading setups suggested are for educational purposes only,please consult your financial advisor before trading or investing.
That's why qty shown in the trades is only as per 1 lot,so go by the ROI % and not amount as it will depend on your qty👍🏻

Adjustment no 2 in Nifty monthly trade 2.Roll up 17000ce/17000pe to 17200ce/17200pe and 16350pe to 16600pe

Bank Nifty trade 1 for next week

OI data neutral to mildly positive

Nifty data:
PCR 0.79 to 0.83
OI +8.83%
Volume +16.74%

Bank Nifty data:
PCR 0.71 to 0.64
OI +3.94%
Volume +37.77%

As per chart range for tomorrow:
Nifty👉
Resistance 17370-17410
Support 17190-17140
Bank Nifty👉
Resistance 36860-37090
Support 36350-36110

Adjustment no 1 in Bank Nifty trade 1.Rolled down 37000ce to 36000ce

Logic👉🏻Bank Nifty support 36200 broken so roll down of calls.Safe till 36230

Exiting this at green as breakeven level is breached.But still no loss after Nifty -260 from entry.Power of options

Intraday support levels broken for both,now that will act as resistance

As expected intraday bounce to 17110 was sold and Nifty fel to 16970.Didn't take any new trade as weekend newsflow. Better to enter next week✅

We booked profits at perfect time🎯

Sometimes no trade over weekend on newsflow based market is best and tension free✅