Today is not going not be as bullish as yesterday but it may not be bearish either, A Gap up opening could drive the Nifty up towards 4920 but it would not be one sided bullish as yesterday, volatility would be the theme today. So any big rises of 30 -40 points could be used to sell while the drops could be used to buy. Trade hourly, if any hour as given big rallies sell expecting dips but don’t trade for big shots a small 0.5% profit on any side could be used to exit.
Now Coming to F&O, I expect Nifty to close at 4980 this F&O closing unless it drops big today so Options could be bought with that target in Mind. Nifty 4800 Call could target 160 if bought near about 120 – 130.
Would try to update at 10.30 and 11.30
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