Nifty September expiry future today expired at 8590 with huge loss. On surgical strike from India on Pakistan based terrorist camps news made market sick and we saw sudden profit booking by strong hands. My given target of 8620 achieved and nifty future expired below it. From 8850 to 8620 almost given 230points gains in intraday while nifty 8800pe zoomed with almost 150% gains in intraday!! But nifty October still above 8620 support so expect some bounce back up to 8750 or above in upcoming sessions. Today low of 8560 remain as bottom and well as stoploss of long positions. As expected we saw increased volatility and which might continue ahead in upcoming weeks due to news from us presidential election. For tomorrow, is buy nifty October expiry future on dips with stoploss for targets of 8750 and above. While is to buy and accumulate nifty 8700 call options of October expiry with stoploss for target 190-200.
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