TRADE SETUP Market’s template has been “Buy the dips” and “Se | Anuj Singhal CNBC Awaaz Managing Editor

TRADE SETUP
Market’s template has been “Buy the dips” and “Sell the gap up”
SGX Nifty is indicating another gap up today
Call writers have been aggressive, Put writers missing

NIFTY: MASSIVE CALL WRITING
Strike Open Int (lk) Change (lk)
15,800 67.1 18
15,850 36.5 18
15,900 43 9.7

TRADE SETUP
Big question: Will the Call writers be punished today?
Bank Nifty has been strong, defending 20 DMA consistently
The big problem for market is FII selling on every rally
FIIs have already sold worth Rs 5,000 cr in this month