“Unless we see the momentum indicators reverse, I will be approaching the October series with caution,” said Sahaj Agrawal, senior vice president of derivatives research at Kotak Securities. “The Nifty has been stuck in a range of around 22,200-24,500 for a while now and it’s consolidating within this range with a bias to the downside. For this bias to change, the Nifty must give a positive closing for a couple of days before I can take a fresh view.”
