Prep for 27 Jan

It's a gap down open per global markets.

Expecting a rotational day within prev day's range where option writers will try to defend 17000 and 37000 on the downside. For the day, 36500-37500 strangle with strict sl can be played. 

BN breaking 36400 will lead to next target of 35700 and 34500 in the coming weeks.