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Market Setup: Momentum with bulls; monthly expiry today

videos | Mar 31, 2022 8:33 AM IST

Market Setup: Momentum with bulls; monthly expiry today

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The three months chart of Nifty shows a V-shaped recovery. There is momentum with bulls and monthly expiry on Thursday. There was huge unwinding on Wednesday at 17,300 to 17,500 Calls but despite the unwinding 17,500 still has a lot of open interest.

Indian shares jumped for the third session at 17,500 mark, boosted by financial, auto and IT shares.

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The three months chart of Nifty shows a V-shaped recovery. There is momentum with bulls and monthly expiry on Thursday. There was huge unwinding on Wednesday at 17,300 to 17,500 Calls but despite the unwinding 17,500 still has a lot of open interest.
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