Market view of Mr. Sudarshan Sukhani.


#1

The Nifty is now entering a resistance zone between 10350 and 10600.
This is a wide area, suggesting large moves, both up and down, within the range.
Trading inside a zone requires tactics which are different from trading with the trend.
In zone trading, we have to buy sharp dips and sell sharp rallies.
These trades are done, in a sense, against the minor trend. This is not always easy.
It does appear that the best part of the recent up move is behind us.


#2

Yea… probably should go for Iron Condor with this range if this zone is good.