NIFTY is going to move up with the Elections suspense over now. OI numbers did see a rise in contracts on 10400 PUT by over a million and around 700K decrease at the 10400 CALL. Also the market might not move aggressively with the Resistance ahead at 10440 playing its part yesterday as drawn in the chart and closed right near at the level of 10384. We might see some profit booking at resistances but overall I am expecting Nifty to at least move to 10500 or closer to it for now. We'll see how things pan out later.
So, the strategy for today would be to BUY ON DIPS.
KEY LEVEL is 10235 and all the other levels you can check on the chart.
So, the strategy for today would be to BUY ON DIPS.
KEY LEVEL is 10235 and all the other levels you can check on the chart.