Few days back posted about failed auction ,what does it mean and possibility of revisit of failed auction prices in next 5 trading days.
You can read that post here
I have marked failed auction on chart on 17th Mar,now lets see if market revisits 5528 within next two days, if there is no revisit one can assume that there is more downside.
Here is weekly profile,
so looking at charts, Buying 5500 CEs with 2-3 days time frame makes sense to me.
Trade wisely!! Happy Trading :)