As we see the data of future and options we find that the Futures are going up and Options are coming down and it only leads to one conclusion that the Option writing has happened on the first day of expiry.
The premium of 15200ce declined by 20 points in the last hour. The same has been witnessed for strikes of 15250ce and 15300ce.
The logical conclusion is that the FIIS are writing options and are probably going long in the future and thus likely direction of the market will be bullish and Nifty can head towards 15500 to 16000 levels.
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