Trade Setup: Short-covering led rally likely if Nifty holds 17,000 level

We enter the penultimate day of expiry of the weekly options and the options data show 17,000 continuing to hold maximum Put Open Interest. This means that if Nifty opens above 17,000 and stays above this level, there are fair chances of a short-covering led rally.

from Markets-Economic Times https://ift.tt/3EbxO51