The trade panned out on expected lines yesterday which is that the market had a decent gap up but through the day it just built on and on and on and what was the turning point for the market was that Bank Nifty after starting 100 point lower turned positive and that led to that massive intraday 400 point rally.
Today is weekly options expiry on the Bank Nifty, the highest open interest is at 24,700 Call, my sense is that the risk reward might just be in your favour to take some calls.
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