Market view for next week- 24/01 to 28/01 : Nifty cmp 17617 W | Mor Equity

Market view for next week- 24/01 to 28/01 : Nifty cmp 17617

We have not given weekly view for last week, only one line message that be cautious in early part of the week .. we all have seen what happened last week

From mid of last week our approach was buy on dip which was wrong after long long time

Next week:
Nifty weekly range : 17370-17950
Nifty support zone : 17370-17500

Long position could be considered around 17400-17450 with closing basis stop loss of 17370

Volatility would be too much considering global news flow so avoid naked options and Jan expiry options.