Movement in nifty has rather been subdued as compared to banknifty. Given current market breadth of stocks, up move is due in nifty. If global cues support, you can expect a round of short covering in nifty.
Conviction bullish Bias bullish
Trade Setup
Long above 17613 Target 17709 Short below 17522 Target 17428-17385
>>Option buying
Long Position: Buy 17700 CE Short position: Buy 17400 PE
>>Option Selling
Sell 17800 CE with SL of 20 points
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