Nifty got rejected from yesterday's high and that is one thing I am concerned about. Nifty is some what being pushed by banknifty but core stocks need to perform for 18000. Long built up is happening in stocks outside nifty and that is why index is not moving that much as expected. It would be difficult to touch 18000 if international markets stay sideways to bearish.
Conviction bullish Bias Neutral (just coz 18000 seems to be tough nut to crack)
Trading Ideas
Long above 17965 Target 18000+ Short below 17917 Target 17800-700
>>Option buying
Long Position: Buy 18000 CE Short position: Buy 17700 PE
>>Option Selling
Sell 17700 PE AND 18200 CE with SL of 25 points
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