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F&O expiry: Nifty to trade flat-to-negative, use Long Strangle strategy for gains; Bank Nifty support at 34000

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In Nifty current series there has been a Long Unwinding witnessed with decrease in price of -2.95% and decrease in OI by -2%  as on today wherein there was shedding of 1.51 lakh shares in OI, decreasing from 85.15 lakh to 83.64 lakh shares. Nifty current month rollover stands at 30.45% as of Wednesday, with Nifty Put Call Ratio, a sentiment indicator used by traders to gauge the market sentiment and mood, is currently at 0.87 compared to 0.75 of last week, indicating a flat-to-negative movement for expiry.

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