Market Outlook
Nifty future recovered loss of last two trading sessions and seen strong up move led by short covering towards 5165 levels. On option front, maximum Put OI is now shifted at 5000 strike. If Nifty future sustains above 5175 levels then it may move up towards 5220-5250 levels. On downside if it fails to hold 5100 levels, then selling pressure may get intensified in the market towards 5000 levels. Now 4900 levels would be immediate strong support for the market.
Derivatives Calls : Buy Bataindia and Lupin Labs
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