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05-12-2021 11:37 AM | Source: Angel Broking Ltd
Nifty down by 110 points looks very weak at 14735 by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Nifty down by 110 points looks very weak at 14735 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

As we earlier cautious the retail investors that 15050 will be a very important level for the nifty to break for the start of a new bull run, but nifty again in the profit booking zone and seeing the selling pressure. Yesterday both DII & FII net sold off around ₹1000 Crores.

We expect Nifty to trade in a range of 14200 on down side and 15100 on upside, if nifty is able to cross these levels then only our view will be changed.

Option sellers can look to sell strangle on nifty option, as we expect nifty to trade in range bound.

 

Above views are of the author and not of the website kindly read disclaimer

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