The Index movement was in sideways as expected. But 10200 was not breached during the day which is a good sign of strong up trend in the market.
Bank Nifty is not able to perform and still not in break out mode. The closing number is not indicating the trend and it is a cat on the wall situation.
I have been advising to go for High Delta CEs only.
After two days of consolidation, market is ready for another move probably on the upside. Keep 10350/25006 as next target and book your profits in NF/BNF.
For Nifty future SL for all longs in futures and options is 10189 and BNF 24480.
Happy Trading!
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