We may drop to 5550-5000 in Nifty or Head up from here to 5670-80 (at which point we go short again) for 5300 by expiry / 5250.
Eitherway we short @ 5670-80..
We need to cover a GAP around that 5670 area.
In Bank Nifty we may head to 11300 or fall to 11000 and then head up back to 11300/11350 then reverse again. I've marked out these levels on the charts. Most likly we will head towards 10500 by Expirty
CNXIT has a gap at 6700 it can fall to 6500 and then head up back to 6700 where you can go short again. Target by Expiry 6300
