Nifty At Crucial Point

Since last one month Nifty has moved slower than a turtle. This has affected all the F&O stocks. There are only a few stocks which are trending. And most of them are sideways. This is a clear indication of profit booking. Market has to break either the ATH i.e 15915 or the lower range of 15600 in closing basis.

But Banknifty is Bullish .

Till then trade carefully guys. Funny thing is that option sellers are also facing problems and buyers also. Due to low Vix , in any Non- Directional Strategies , a small direction move makes a huge problem for them. As the options starts to bleed.

I do mostly option buying. So, in option buying , one needs to wait for a sure move till then we wait.

In this market , you also should look for traps. and trade.

Happy Trading Guys.