The Index is facing resistance around 11750 level. On a weekly chart it has formed a Bearish Engulfing Candlestick. On a daily chart it just found support around its uptrend line. On the downside 10650 is the major support for the index. At current level as per the daily chart all indicators have turned Negative.The index is looking tired, though we need to wait for the follow up moves. Considering all these facts we suggest that traders can try Bear Spread Option Strategy.
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