A Gapdown opening expected tomorrow.
As the U.S markets have closed negative, Nasdaq is down almost by 2% and Indian markets are at the all time high even we can see a small correction from the All time high.
US Fed meetings are in the coming week, this week will be the volatile week & not a easy week for the option buyers.
Option Sellers can earn good money positionally, it's a good opportunity to sell calls positionally.
Nifty important supports are 20110, 20000, 19940, 19900
And 20150 will work as a strong resistance avoid buying above this.
Banknifty important supports are 46000,45850, 45700, 45400 - 45350
A small upmove or covering can be seen if Banknifty holds the level of 45650 !
As Tuesday will be holiday, so Finnifty expiry will be on MONDAY i.e 18th September.
(The above information is only for educational purpose)
