Expiry prediction for Nifty and bank Nifty for date 1st June

As per option data at 2.00pm

Nifty has highest put writting of 2.3cr at 18500 strike price and highest call writting of 2.5cr at 18600 strike price.

So this huge writing in call and put side,

Probably not break on upside or down side as these writter will try to protect these two strike prices

Trade setup for expiry in Nifty

Buy 18500 ce if Nifty is hovering arround 18500-480 which is yesterday low.

And exit or take profit from the call when you get 18550-60.

Buy 18600 put if you get Nifty arround 18600 level.Take profit arround 18550-530.

Nifty may expired at 18540-60 range.

If Nifty break 18500 on down side or 18600 on upside before 3.00pm which is most likely not happen today,expect 50 point move on either side.

Thank you

Debadata jena

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