Nifty closed 68 points up on Muhurat trading day. It was an attempt to keep the mood positive on New year.
The VIX is still above 18% which is not a comfortable level to go long in this market. Wait for a dip to enter into market. 10375 should be the level where you can go long with strict SL @ 10275. Nifty monthly target 10800/11000.
Bank Nifty is not likely to give up 25219 till the end of this month expiry. BN Target 26740.
Option trade is advised for members on board.
Happy Trading!
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