Day Trad­ing Guide

The Economic Times - - Markets & Commodities -

Nifty re­mained con­sol­ida­tive for first four ses­sions of the week while a range break­out was seen on Fri­day. It failed to hold higher and stuck near to 8820. Oc­cur­rence of con­sec­u­tive long Wicks and Doji on weekly chart re­it­er­ated the strength in the 8720 sup­port. While a de­ci­sive hold above 8820 could ex­tend its up move to­wards 8888 and 8970. Op­tion ac­tiv­ity saw in­cre­men­tal built up in 8800 PE while in­tact call writ­ing at 9000 is keep­ing the re­stricted up­side for the cur­rent se­ries.

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