Expiry Special

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Expiry Special: live walk through the Thu 14 May 2026 expiry

Live read of the Thursday expiry morning grind, the writers' defended strikes around 23,700, and the case for the 15:30 settlement print inside the 23,500 to 23,800 corridor.

May 14, 2026 · 7 min read · NEUTRAL · horizon intraday

• intraday
  NIFTY 23700 CE
  The densest CE write in the May series sits at the 23,700 strike. With spot oscillating around the same handle through the morning, this is the wall the chain is defending. Mechanical, not stretched.
• intraday
  NIFTY 23800 CE
  The breakout invalidation for the expiring May series. With the morning high pinned at 23,777, a close above 23,800 forces this writer to unwind into the last hour.
• intraday
  NIFTY 23500 PE
  Lower cushion of the expiry corridor. The strike held the Tuesday low and is being defended again on Thursday as the relief rally builds. Below 23,500 the pin case collapses.
• intraday
  BANKNIFTY 54000 PE
  Financials chain defending the round number into a session where BankNifty opened above 53,600 and has clawed back through 54,000. The defended floor for the index.
• intraday
  NIFTY 23600 PE
  Inner cushion of the pin case. With spot 90 points above this strike at 11:00 and writers refusing to fold, this is the anchor for a settlement print between 23,650 and 23,750.

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