Morning notes -10.15am  –  02.07.25

Morning notes -10.15am – 02.07.25

By CKN Staff

July 2, 2025

Nifty is witnessing Call writing continuing but all of a sudden some Put writing has emerged too. Maybe the low for the day is made? Interesting, lets watch. Bank Nifty is not trading so well today with some headwinds appearing in option player activity- call write plus put unwind. So bullish views seem on hold.
However, minimal price action in both thus far. So all these may be just hair splitting.

But overall breadth is negative and that puts a hold on fresh longs to be created for the day. Be very selective. What about existing longs? Can be retained on a case by case basis, based on what sort of trades they were. If taken as day trades that got extended then better to push it out. But if taken as swing trades, then give it some more room, provided the price damage is not there.

Contrary to what was written in the morning note, the IT sector stocks are in play. Hence the advise to ignore them should be ignored! Infy seems to be at the head of that table today. Day trade longs can be considered with a review towards eod whether to carry forward or not.

  • Insight
    NO BIAS EVIDENT FOR NOW 02.07.25
  • WAITING FOR RESULTS 03.07.25
    WAITING FOR RESULTS		03.07.25

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