Crude oil Big movement coming in September month can long 17 September CE and PE total cost 349 per lot one side call or put will hit 500 for sure and other side decay will not be so much as whole month is pending so good return of 20 to 40% expected
Bank nifty clearly taking support at 38000 shows the confidence of Put writers and W pattern also gets activated . 38000 OI whole day has shown hold at built size is above 25 lacs.
Crude on daily time frame is ranging between 0.618 finonnaci extension ratio to 0.618 fibbonacci retracement ratio For Big move on either of the sides need to break support and resistance, and for short term view 0.236 to 0.236 ratios are looking good for SHORT STRADDLE STRATEGY
[SGX NIFTY SUPPORT AT 17280/300 If Sustain below these levels for 1 hour then huge Gap Down possible on monday in nifty. Else, will bounce back.