Ought,Thought, Sought,Caught, Bought

A dry day as such with no conviction on either side.ORB gave a buy but still NF didn't manage to do any miracles with extremely over bought readings. Volatility is drying day by day. Looks like all are away for a Christmas. Can we expect a Santa Claus rally when all are away. Today somehow NF has managed to close above 5987 NF and Tomorrow may give a more indication of where are we heading. I will be bullish only on a close above 6040 NF.

For tomorrow the resistance comes at 6027 NF above which again a hurdle at 6040 NF and above it straight way to 6074 NF. Support lies at 5987 NF and 5965 NF below which ruthless hammering may take place. Trade the range till we get a direction.

Just an idea Buy 5900 put at 30-40 for a target of 80-89 by expiry and yes no Stop Loss for the trade.