The 25th Jan is monthly expiry day for Janurary Futures and option series. The market sentiment and move indicates bearish tread with heavy selling in-case the Indian indices are unable to break 18200-18300 Level in NIFTY and 43000 in BANK NIFTY. The possible setup could be to call shot condor or covered call(i.e. Buy put option and hedge with deep of of the money call option) to mitigate any risk.

In-case, the market breaks 42420 in BANK NIFTY then the indices could come under severe selling pressure and can move downwards uptill 42230 and 41900 respectively.

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