NIFTY is unable to cross gap 6098-6110. It seems it is difficult even today. Even after good set of inflation numbers, market is not reacting, FIIs are not participating. DIIs are buying but just not enough. NIFTY is in narrow trading range for past 5 trading sessions.
According to option table undercurrent is clearly indicating downtrend and best guess could be about 100 points dip in NIFTY.
Nothing much worked so far in this month as there was no clear trend.
Option trader needs one good day in a month and maybe we will get one this week!!
Just try and hold all positions for today and book even small profit, if you get an opportunity.
Disclaimer: This blog does not take any responsibility of your profit/loss
According to option table undercurrent is clearly indicating downtrend and best guess could be about 100 points dip in NIFTY.
Nothing much worked so far in this month as there was no clear trend.
Option trader needs one good day in a month and maybe we will get one this week!!
Just try and hold all positions for today and book even small profit, if you get an opportunity.
Disclaimer: This blog does not take any responsibility of your profit/loss
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