Nifty spot touched 10890 as indicated in my previous post and took a U turn to close 50 points below day high. The range for the week has been clearly defined and market obeyed the levels. There is no big surprise for any of my members as they know very well how accurately we take trades.
Now Bank Nifty also still lagging behind and unless it breaks 26800 it wont be able to reward bulls.
Clue for today's trade: If BN spot stays above 26715, go for 26700 CE for good returns. DO not attempt 26800 CE. I mean what I say. DO not expect market to run away on either side.
Good Day!
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