This view is Useful till 1) May 15 , 2020 2) Break of 10040
whichever condition occurs earlier.
Things to remember 1) Volatility is unusually High. Record High --> Small lots, Quick to book profits on both the sides. 2) Monthly very large loss because of social and economic uncertainty --> Mostly lesser than March range < 4000 point Range 3) Possible Range for April --> 10040 - 7000 , As of March 27, 2020 Option Market is indicating 7080 to 9920 4) Look to enter trades on short side when daily indicators are overbought -> Sell Calls, Sell Future
Trade active
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This view is still active. There are two zones to watch for 1) 9400-9500 2) 9970 -10040