Market setup 27th July

Nobody is bothered about expiry, but today is expiry!! 10,000 and now Nitish kumar have made us forget that this is a expiry week and today is expiry day. Nitish kumar who is the only challenge for Modi is back in his camp again and that means 2019 is almost in his pocket. Market will cheer the news but NIFTY has been doing that the whole of July. 517 points is what NIFTY gained this month and this series is the best ever series of this year for the market after January where NIFTY gained 450 odd points. But lets not forget that today is expiry and that comes once in a month. Nitish kumar reactions can wait till tomorrow but not expiry. So expiry cues will move the market today.
So what are the expiry cues saying? 10,000 is the strike to look out for as both put writers and call writers hungrily eating this premium. The combined premium is at 50 rupees even today and the writers would be busy writing this premium today. That means NIFTY has its markers clear at 10,080 and 10,020 marks and there would be lot of volatility today. 10,100 call as well as 10,050 call are seeing some writing and that could seal the top at 10,080 levels. So the chances of we seeing 10,100 on NIFTY today is bleak. Dont be surprised if NIFTY goes into red or closes below yesterday’s close. Its all expiry moves that is moving the market.

Q1 results scheduled for today

1. Biocon
2. Bluedart
3. Crompton
4. Glenmark
5. HCL tech
6. ICICI bank
7. Idea
8. IDFC bank
9. Indian bank
11. Maruti
12. ONGC
13. Reliance capital
14. Tata coffee
15. Tata Elxsi