Nifty is currently trading in a consolidative phase. It is expected to remain between 24,500 and 25,400 in the coming week. Sectoral trends are positive in IT, Pharma, Energy and Chemicals. A breakout from the current range is unlikely without broad participation. A short strangle strategy is suggested to capitalize on volatility contraction.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets