NIFTY intraday ranges should keep getting narrower from here.
Expecting markets to get normal post todays weekly expiry.
Last 2,days have wiped out trading capital of many retail traders so be very responsible with your position size and the overall approach which you desire to take directionaly.
As far as trades are cunserned that obviously has to be on long side.
On upside 23050 is a resistance once that breaks new highs shall come.
Under 23050 INDEX would stay within uncertain shades of its technical setup.
On downside support is at 22450-22550 as long as this zone is held buy on dipps trade could work out.
If this support breaks a test of 22100 would be on cards.
Trade with thin volumes the upmove from yesterdays low seems artificial to me.
still it should be fine holding supports.
In my weekend posts since past 2 weeks I had constantly advocated to add SEPTEMBER puts to capitalize on any kind of Market decline and during tuesdays decline those puts went up by almost 4 to 5 times.
We would again get simillar apportunity to reenitiate simillar trades.
Ideally post 15th june i would update on this.
Until then look to follow the short term levels.
gann,insides 