Is the Index going to make a new high or are we going to see corrections coming in the Index?

Predicting the market at this level would be a probability of 50%. Instead of predicting where the market can go it's better to behave as per market and currently the market is trading in an upper parallel channel, till the time the index does not break the parallel channel movementem in that direction can be predicated, as per studies the breakout should be on the downside but again the probability of happening is 50%.

Better trade at current level would be selling the upper CE & Lower PE with Buying 1strike out of the money CE & PE.

FTSE 100

Apr 08 2022