Yesterday, Nifty moved according to our expectation and within our range. Today, Nifty might open negative and we might see some profit booking today but its still a buy on dips market. The PUT writing seems good right now and it support our levels, like we saw Nifty taking support yesterday at the 10250 level. The KEY SUPPORT ZONE is between 10250-10230. One can go long and the market overall seems bullish for now. The PUT CALL RATIO is above 1.8.
Yesterdays move
Also keep an eye on the long term weekly idea posted yesterday by me and beware if NIFTY reacts to the DOW levels. I will keep updating it though.