This market is crying for correction now. All logic tell me that people would want to take home some profit before the election results. But somehow, the market has a way of itself. It would do exactly as you thought, but not "when" you thought.
Positional traders should avoid the market this week due to election results. etc. Those who are long may book profit or keep trailing stoploss of 3575 on closing basis. Intraday players, try to play on supports and resistances. Markets are going to be volatile this week, hence trade light.
Nifty expected to open positive. Sell only if it breaks 3615 intraday with a stoploss of 3630. Intraday traders above 3630 with a stoploss of 3615 for a target of 3660-3680.
Nifty resistance at 3642-3680-3740. Support at 3615-3585-3550-3490
Nifty options tips
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