Its pure example of how smar t money work all retail shorters had sl at 4660 so short covering + tukka traders took mkt to 4690 after that came turn of HNIs there sl was 4720 after breaking that short covering took at 4775 now nexr res is 4790-4820 that will take mkt to 4900-4890 after that no short will b there in mkt after that SM will decide which way beneficial 5200+ or back to 4200:thumb: planning to buy jan 4500 puts but want it at throw away price still it is in demand and shorters are not looking at it
very well defined PT bhai....