Nifty is looking very weak, SGX is indicating a gap up start on Monday grab this opportunity if you have not shorted Nifty earlier. As per open interest data its looking very weak. Nothing is stopping FIIs from dumping their holdings, FIIs are selling on an average 3000 crores daily except for one day in last one month.
Only doubt that it is too obvious to everyone and coming in later half of the month. If too many retailers..jump not sure but they can trapped and it can go sideways. Let's see