Nifty Daily View 9th June

Nifty Daily View
Based on technical analysis, if markets are really strong then it will not fall below the level of 10000-9940 that would help the market to move beyond 10330. Below the level of 9940, Nifty would gradually, fall to 9800 or 9700. On the higher side, 10270/10280 would be hurdles. Fresh buying is advisable if Nifty crosses the level of 10350 as in that case Nifty would move towards 10550 levels.
Be ready to trade on both the sides of the market. The strategy should be to buy put options on Nifty between 10270/10300. Keep a final stop loss at 10350 for the same. Buy call options if Nifty is crossing 10350 levels and in that case we need to maintain stop loss at 10250 for the same.
For bank nifty resistance exists at 21600,21800 and 21950