STUCK IN RANGE..

Nifty is making lower tops and lower bottoms but there is no major selling. Its still falling with bullish tendency. Between 3300-3500 range lies 3350-3450 i.e., bearish below 3350 and will be bullish over 3450... till then play this range. Today's pivot is NF 3370 with resistance at 3395-3424 and support at 3340-3308. One can buy at lower level or short at higher level. At this point puts below 3300 and calls above 3400 are being written off.