BNF Weekly Update:

Short term bearish until we get a closing above 48300 on a weekly basis. But on an intra week play basis any bullish strategies would be good with 44800 being aggressive structure and 44400 being a strong structural support on 1h time frame. A good profitable strategy would be a strangle or a condor with more premium on put side and little less premium and far otm on call side.

If there are any updates as the week pans out will update here

Nifty weekly update:

Unlike BNF, Nifty has been bullish on short term until a closing below 21300 is made on a weekly basis. If any viable trading opportunities prevail, would always prefer taking longs as it is bullish on short and intra week play on 1hr. So the analysis is plain and simple. Longs only and no shorts.

It can be choppy and little volatile but would not prefer shorts at any cost. CPI on Tuesday so trade with a little caution.

~ PR