Nifty futures closed at 10693 and 10640 is the low point of the month. The reverse cycle gets completed after touching 10640. One should not expect any vertical fall in nifty at least till expiry as the price action and Put writing may not allow a steep fall.
Keep 10640 as target and exit from shorts. Bank Nifty may dip up to 25740.
Take positions keeping in mind where the nifty would end up in this monthly expiry which is just 9 sessions away from today.
Yesterday we have rightly predicted BN spot close around 26050 and it ended at 26072. We have entered 26100 PE at 10 and it hit all our targets. It was a pure technical trade and no blind game.
Happy trading!!
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