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Please remember that the Monthly expiry is more dangerous than the weekly expiry as on that day both weekly and monthly trades expire. Because of the above reason the Monthly expiry is more volatile than the weekly expiry.
Expiry day implications: If the market has been falling for consecutive days, expiry day will be closing near the lowest point in the majority of the cases but is not the gospel truth. If expiry day the mkt falls and is near swing low, next day generally the mkt will open flat and rallies at least by 100 pt (again not gospel truth and is based on observation).
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