Nifty might see Profit booking today and can also see a reversal in the trend if it breaches the 10290 level.
One can go short once nifty closes below the 10290 level.
Even though the Call writing seems scattered right now but the up move somewhat seems to lost its steam in the process.
Nevertheless, right now Nifty seems to be in consolidation phase and if the profit booking sets in the panic then we might see the reversal soon.
One can go short once nifty closes below the 10290 level.
Even though the Call writing seems scattered right now but the up move somewhat seems to lost its steam in the process.
Nevertheless, right now Nifty seems to be in consolidation phase and if the profit booking sets in the panic then we might see the reversal soon.
