Seasoned traders say the number of traders looking to make a quick buck on expiry day has been steadily rising over time. The NSE has weekly options contracts expiring on all days except Friday, and the BSE has a weekly options contract (Sensex) expiring on Friday.
In an interview to CNBC-TV18 Siddharth Bhamre of Angel Broking shared his reading on the futures and options market. Market participants who are long on the market at 5,730-5,740 should continue to hold on to their long positions and trade with a positive bias, he suggested.