Nifty future continued its journey towards north direction and posted around 100 points gain; It will be interesting to see the move above 10300 as 10320 acts as a stiff resistance.
Unless BNF crosses 25625, we cannot expect any big move in nifty futures also.
Next week we expect a range bound trade between 10226-10325. I reiterate that if Nifty future may not revisit 10100 in this expiry if 10226 is held during next week.
Bank nifty may disappoint Call holders as big moves are possible only after this weekly expiry. Range for BNF 25250-25550. A close above 25550 will lead to 25850 and a close below 25250 will take us to 24900.
Happy Trading!
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