For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.
On the higher end, the record-high zone of 22,750-22,800 seems daunting for the bulls and until the Nifty witnesses a decisive breakthrough, the next leg of rally toward the 23,000 mark seems demanding.