- On 6th July Nifty opened with a big gap up at 10723 & since then it has been trading in a mini range. This is the battle ground where the Bulls & Bears fight is going on...
- F&O data analysis also suggested Game of Positions going on in this region. We observed wild swings in & Options position by Retail participants and FIIs during this week.
I m not particularly on the market but this is how I am looking at Nifty
Given the set up, the structure has a high probability to give a breakout or break down from this range by Wednesday / Thursday next week
- On Breakdown Target for the setup 10230
- On Breakout target for the setup 11224
Again this is just my view and we can take this discussion forward if it actually happens that way :-)
Take care & plan your trade accordingly..!!!
Given the set up consider selling Nifty 10900 Call option between 65-82.50