Market Outlook
After a gap down opening, Nifty future took support around 4820 levels and seen a pullback rally towards 4935 levels. Market was unable to hold higher levels and again fell down to 4870-4865 levels. On option front, maximum Call OI is at 5200 followed by 5100 and 5000 strike while maximum Put OI is at 4800 strike. If Nifty future remains below 4900 levels then selling pressure may continue towards 4800 levels. If it sustains above 4900 then only a pullback may be seen towards 4950-5000 levels.
Derivatives Calls : Buy Bhartiartl and Biocon
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Thanks & Regards
Narendra Yadav
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