Nifty's Trading Range
There are two trading ranges in Nifty.
1. 9900 to 10300
2. 9500 to 9900
If Nifty may test 10300 if it will manage to sustain above 9900 and another side it will test 9500 if it will sustain below 9900.
As per my view, Nifty should test 10300 first.
Tomorrow If it will sustain above 10000 and manage to close above this level then I may short 9900 put. I am not seeing one-way up move or down move in Nifty so I will prefer to trade in option writing instead of Fut.
1. 9900 to 10300
2. 9500 to 9900
If Nifty may test 10300 if it will manage to sustain above 9900 and another side it will test 9500 if it will sustain below 9900.
As per my view, Nifty should test 10300 first.
Tomorrow If it will sustain above 10000 and manage to close above this level then I may short 9900 put. I am not seeing one-way up move or down move in Nifty so I will prefer to trade in option writing instead of Fut.
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