Nifty closed at 5222.65 (gained 22.05 points). DUE TO EXPIRY (APRIL), MARKET MAY BE VOLATILE. For today, WATCH 5227 CAREFULLY, ABOVE THIS, NIFTY MAY MOVE TOWARDS 5250/5267 ON THE UP SIDE WHEREAS BREAKING 5190 AND 5177 NIFTY MAY HIT 5150/5100 ON THE DOWNSIDE WITHIN THIS EXPIRY.
From options data,,highest options base has been shifted to 5100 put and 5400 calls. But huge addition in 5200PE today brings hope that the expiry may not be below 5200. It is expected that Nifty may trade in a range of 5180-5300 for the expiry.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.