JMFS DERIVATIVES: INDEX VIEW POINT NIFTY 25103 🔹Price setting up for breakout of 25100-150 zone . 24500-25100 range active since almost 20 trading sessions 🔹FII's largely setup short bets in this range in last few days.Short covering may fuel rally above 25150 Breakout. FII sellers of 163 crs on Friday in nifty index. 🔹OI PCR at 1.01 with PE writing shift at 25k suggests 24800-900 to be immediate support. CE writing shifts to higher strikes of 25500. *Trade plan* _Watch for breakout Abv 25150 zone. If sustains, 25350/25500 are the short-term upside Targets Positive view till 24800 holds_ Refer research disclaimers on https://bit.ly/3UN5lxi