A simplistic analysis on Nifty ( http://tinyurl.com/3eg6rf6 )worked without any rocket science, just pure basics.
so whats next?
It took Nifty more than 2 months to visit 50 MA again. So will it sustain above that? If it need to we need a close above that. I don't think so, as result season kicking in. So we gonna Grind more here in this range.
An OTM put with least premium can make some $$$ for you here.
Regards
Jay
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