Looking at info from NSE as of now, looks like the market is not appreciating the Budget so far.
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One sharp bounce of upside is required ! let’s see ! Round level should be intact for this range 23000 !
As the end of this expiry approaches and the margins are set to triple for the next one, I’ve been considering how this might play out.
It seems there could be fewer rollovers and a decrease in sellers on the options side.
With the index falling by more than 10%, selling calls may not be very appealing. On the other hand, sellers who have the means to do so might consider selling puts instead.
As institutions begin to reduce their active short positions in the futures market, the rising interest in call options from retail investors could assist with short covering.
I really hope this sets off the bounce you talked about.
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