Day by day more and more traders shift to options..
Our market started behaving like beta stocks. Good for traders but investors may be panicked soon.
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Bank Nifty weekly options expiry now have enough power to move the whole market.
Weekly option is making the market Wild Beasts.
Most of the traders probably enjoyed the one-way jackpot move.
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There was only one big bad news fiscal deficit widens to 5.25 lakh crore. But BNF falls mostly technical from options chain. There was a big hollow space below 25500 support and 25500 PE writers panicked in last hour.
All credit goes to weekly options...