I had expected a bounce in indices @ 11:45 Am, however it seems it hardly happened.. still more flat of a day.. option writers have started eating MALAI KOFTA while buyers still waiting since morning for breakfast
Banknifty Fut might make double bottom at 31,400 before any bounce till 31,500/550 intraday.. still just a hope since (like yesterday) today is also writers day ..
Next upmove likely around 1 PM - 1:15 pm
..lets see
Interesting point to note is : VIX is rising and option premiums have hardly fallen since 9:30 AM .. just my observation..
(sellers need premium to fall to make money)..