Nifty Options Radar: Deploy Long Straddle amid election volatility

Nifty is below its 20 & 50 DEMA, 22,334 and 22,224 respectively and it will act as resistance in its upward bounce while on the downside the 100 EMA is at 21,821. This also points to a broader range of 500 points from the current price of 22055, as we prepare for a directional move.

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