I already added my comments on chart itself, as always, so there will be ease to understand every one,from pros to beginners,
I must add, in the chart i said big no no for option buyers, but this only means for whoever want to buy now, as premium of option gets down very rapidly ( for further details , search google with subject ' option, theta and expiry ')
As my dear friend once pointed out that fii suffering losses cuz of depreciating rupee, we better watch rollover figures now, as on Friday i suspected there ant enough rollover happened compare to last few series,
laymen logic? well fii sitting on net loss cuz of rupee depreciation and they might wait for rupee to appreciate to make fresh positions (under back drop of uncertainty, last time i checked USD which was weak on chart).
If that factor plays out we can witness big sudden sell of ( though chances are low as technically market is strong )
Last point, i go against the set rules of technical analysis of 'dont go on fundamental news,' only on triple witching days, as on those days nifty makes fun of technical analyst , and to avoid that better look for different approach, though temporary
for small pocket/low risk traders/inverters stay away from market till the expiry on thu.
Alex