Traders can adopt to trade calendar spread as the current series is likely to remain in a tight band and volatility will pick up in the next series.
This is expiry week Tuesday. Expiry week Tuesdays are big. They normally have a momentum move for the market, which doesn‘t look like it is going to happen first thing in the morning and as the SGX Nifty is indicating, it is down about 20-25 points not to say that the market will be down today -- it could be down but not that it will be down.
It is a start of a truncated expiry week and it is a market which can make absolute mockery of the levels in expiry week. Anuj Singhal of CNBC-TV18 has more details.