There is a strong demand zone @ 8970-9000 and minor support @ 8800 on the downside.
Nifty is trading in the wide sideways range of 9000-9500. In the sideways range, I will prefer to trade in OTM option writing. I will prefer to take a position in FUT once breakout or breakdown if this range.
Trade attivo:
Position Carrying: short 9600 call @ 50
Trade chiuso: obiettivo raggiunto:
profit booked @ 5.5
Trade attivo:
sold Bank Nifty 9000 put @ 65