Expiry Trade setup for 17th September

  1. It looks like banknifty has bounced from 22000 and now 22000 will be a strong support to this. Nifty has also bounced from 20DMA. Now these points are support. 
  2. Yesterday there was a meet of RBI governor and various other economists which turned out to be a non-event. 
  3. The US FED leaves the interest rates unchanged and signals that there right not be any change till 2023. The US markets were mixed where the techs were weak. But dow was flat.
  4. Now HDFC bank has started to rally. Now it will be interesting to see if banks will lead the market higher. 
  5. We have had Reliance which led the market. We have had IT and pharma which took the lead. Need to see if banks will lead higher or take down the market. 
  6. Dr Reddy will be distributing Russia's Covid vaccine Sputnik in India. 
  7. Today Happiest minds will be listed in the exchanges. 


  1. My butterfly trades are in wonderful profits. 
  2. Yesterday I did a lot of intraday trade in options where I was able to make a profit of around 50 thousand. 
  3. Today I will be busy with expiry trades. 
  4. The put spreads which I had done in nifty sometime back are also in good profit.
  5. I did this trade yesterday in HCL tech
    1. buy 850ce 
    2. sell 830ce
  1. US markets were flat. The techs lost as they had rallied too much in short time. 
  2. European markets also ended in the flat zone.
  3. Today morning the Asian markets are in the negative zone. SGX is down by 86 points. So we may have a slightly bad start today.
  1. FII have bought for 264cr and DII have sold for 212cr
CRUDE and $
  1. Crude is at $41.94. The consumption is good as long as it is above 40
  2. $ is at Rs 73.52
  1. Highest OI in nifty is at 11700ce and 11500pe
  2. Highest OI in bankifty is at 23000ce and 22000pe
  3. Max pain of nifty is at 11550 and that of banknifty is at 22500
  4. nifty may range from 11500-11600
  5. banknifty may range from 22000 to 23000