Nifty- Volatility & Upside is not going anywhere...
Nifty is ready for a big move again. Most probably Nifty will open this week with a good gap-up. And if there is no bad news, then 15000 put option writers does not have any other option but to cover thier position, which will move Nifty further upside.
This week one should not be suprised if Nifty breaks 15250 upside.
The positions of FIIs and DIIs are bearish on index, because, expiry of this week is on Wednesday instead of Thursday. So due to short week, they made a bearish view and it seems they are trapped by retail client this time.
Stick only with good stocks. Secorial changes can not be ruled out. FMCG, Pharma & IT sector will be in focus.