Price Action :
Nifty opened slight gap-up and consolidated whole day around 23700 levels. Overall it was an inside candle day with sideways movement. 23800 was a resistance for the day. Price action was flat positive.

Trend:
Nifty was sideways

Options Data:
23700 saw good Put writing and 23800 saw Call addition suggesting Nifty in a 100-150 point range.
PCR improved to 0.78

Futures Data:
FII Long/Short ratio was at 18% last trading session.
Nifty Futures closed positively with addition in Open Interest suggesting bullish bias in immediate short term.

Outlook for Next Session:
overall Nifty is Bearish. Might consolidate around 23600-23900 before any movement up or down.

Positons:
Wait and watch with no positions.
Buy on dips around 23500 for tgt 23700 or
Sell around 23820 for tgt 23650 or
buy above 23950 for tgt 24200+

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