Nifty CMP : 10605.
10600 CE : 52 & 10600 PE : 43.
The Resistance at 10652 spot level , Support at 10550 spot level.
The Range is 10700 - 10500.
Pervious day High 10628 will be Inflection Point
The expiry week looks neutral, we have to trade only between the range / support/resistance.
Short at the resistance 10650 and buy around support 10550 will be the Strategy for the expiry week.
Buy 10600 CE at 5 / Buy 10600 PE at 4 ( whenever it comes to that price). Look to book profit around 25 and 20 respy.
Bank Nifty : 26273.
26200 CE - 165 & 26300 PE - 165.
Resistance at 26365 spot level.
Support at 26135 spot level
Range Lower 25950 - Higher 26600
Previous day High 26325 and 26471 will be the inflection point. If sell-off happens there, then the 26471 will act as strong resistance for the entire week.
The expiry week looks neutral, we have to trade only between the Range.
Shorting at the upper range 26600 and buy around lower range 25950 will be the strategy for the expiry week.
Buy 26200 CE- at Rs.16 & 26300 PE - at 16 .(whenever it comes to that price) Look to book profit around 80.
10600 CE : 52 & 10600 PE : 43.
The Resistance at 10652 spot level , Support at 10550 spot level.
The Range is 10700 - 10500.
Pervious day High 10628 will be Inflection Point
The expiry week looks neutral, we have to trade only between the range / support/resistance.
Short at the resistance 10650 and buy around support 10550 will be the Strategy for the expiry week.
Buy 10600 CE at 5 / Buy 10600 PE at 4 ( whenever it comes to that price). Look to book profit around 25 and 20 respy.
Bank Nifty : 26273.
26200 CE - 165 & 26300 PE - 165.
Resistance at 26365 spot level.
Support at 26135 spot level
Range Lower 25950 - Higher 26600
Previous day High 26325 and 26471 will be the inflection point. If sell-off happens there, then the 26471 will act as strong resistance for the entire week.
The expiry week looks neutral, we have to trade only between the Range.
Shorting at the upper range 26600 and buy around lower range 25950 will be the strategy for the expiry week.
Buy 26200 CE- at Rs.16 & 26300 PE - at 16 .(whenever it comes to that price) Look to book profit around 80.
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