Nifty futures seem to have lost the steam and as per observation 10500 has a stiff resistance. Too much calls have been short at this strike price. What looks very attractive to small investors to invest 50 to multiply to 100-150 is proving to be a trap. This is going to be a tricky expiry and we may see a close similar to previous month.
Nifty futures range 10360-10494. Any breakout or breakdown of these numbers will see 150+/-.
Bank nifty futures 25500-25875. Breakout or breakdown will lead to 300 points +/- .
Happy trading!
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