The markets failed to cross resistances for 3 days in a row and finally found support around 39900/11700.
Going forward, while the targets of 41000/12000 and higher on October expiry have gone for a toss,
expect the markets to consolidate around 39900/11700 for a little while before attempting to move up again.
Any opening dips can be used to initiate aggressive longs in today's expiry NIFTY calls for intraday gains.
|Date||29 Oct 20|