Sumary of Trade Setup: Nifty set to consolidate; avoid aggressive stance on both sides:
- In the afternoon, the index did pare some gains, but last hour options expiry-led moves again pulled up the market.
- Some options expiry-influenced moves were dominant in the market.
- Strike price 15,800 held maximum Call Open Interest for the most part of the day.
- A failure to sustain above 15,800 level may result in minor corrective moves.