The Sensex is only 2.64% from the previous Life High (36443.98); but as we saw today - scaling and sustaining 35500 is a very tough nut to crack. Its best to trade the range for now - 35000-35500.
We are holding BANKNIFTY Puts and will go long on the NIFTY Calls with a SL at 35444/35121 (depending on risk appetites).
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