With reference to the closing of the spot Nifty on last week, the closing level of 7982.90 shows a mild positive strength,however this has to be proved in the first day of this week's trading at the exchange.
In a broad way if we consider this closing level of 7982.90 as an indicating level, the move above 8017 will push up Nifty to the further higher level of 8315 for the entire week and a fall below 7928 will drag down to further down side at 7644 and even it may reach a further bottom around 7555 sub level.
The positional traders in Nifty futures can take the reference of the Nifty around 2.00 pm today and the intraday traders in Nifty futures can enter with risk around 9.35 am.
As far as the options in Nifty are considered with a couple trade as follows:
For intraday trade: 8100CE+7800PE
For positional trade: 8200CE+7600PE
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