Nifty Futures went up by 50 points in the opening session and was dragged down close to 24200 and again the recovery was very steady and ended at All Time High.
Nifty has taken support largely from Automotive sector despite Bank Nifty Future under performing,
Bank Nifty could not retain the gain and surrendered all to end near previous day close.
The trend is up and levels are intact.
A dip better than what we had today is expected tomorrow so that one can enter in High Delta CE (10000, 10100 or 10150) to avoid much anxiety and disappointment.
Look for target 10350 in Nifty Future. If everything goes well then we may even see 10480 in this expiry itself. But the SL is 10189 for the above trades.
Bank Nifty Future will go bullish only if it crosses 24880.
Happy Trading!!!
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