48800 remains a strong resistance and the attempt to break has failed multiple times. The market is likely to make one more attempt to touch 50K before returning to 46000
Weekly Support: 47900 => 46650 Weekly Resistance: 48900 Trend: May Reverse to Bearish
Strangles on April's second week and above contracts are better option strategies
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
By Sathish Kavinchal SEBI Registered Research Analyst INH200007539