Nifty expiry day is heating up the chat, with traders chasing VWAP cues, gap moves, and CE/PE plays. The clearest tip: buy CE above VWAP for a breakout, and beware of gaps that can snap fast on expiry [1]. Also, keep an eye on how data like Gifty lines up, showing a 150-200 point gap up in play [1][2].
Expiry-time drama splits into two main scenes:
• Bullish setup — If Nifty gaps up around 150-200 points and the gap holds in the first hour, a sideways grind can unleash a big rally. Traders eye 25700-800 CEs as a breakout proxy once price clears that zone and stays above VWAP [1].
• Bearish risk — A 200-300 point gap up can flip if the early candles turn red and CEs don’t follow, forming double tops or retracements near key levels. In that case, traders steer clear until price action confirms a breakout or a trendline/triangle setup emerges [1]. The expiry dynamic also means call sellers may try to press prices down to cover losses [1].
Trade cues from the chatter: • Buy CEs above VWAP or near VWAP, or after a breakout [1]. • Watch CE/PE prices, not just the Nifty level, for intraday direction [1]. • Look for gaps and potential retracements, including 78% pulls, before diving in [1].
Bottom line: around expiry, VWAP, gaps, and CE prices shape the short-term trail in Indian markets. Stay plugged into the VWAP break and the gap story for signals [1].
References
Discusses Nifty gap up, bullish or bearish moves on expiry day; advises CE/PE focus, VWAP breaks, caution on double tops.
View sourceDiscusses bullish vs bearish Nifty gaps, expiry effects, and CE/PE strategy; suggests buying CE above VWAP and cautious trades.
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