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  • Nifty Index Update 0 comments
    Aug 10, 2011 12:28 PM | about stocks: INDY
    • CE Option selling seen at 5300 level and buying seen in 5200 CE option.
    • Fresh Put selling seen at 5000 and heavy concentration of Puts at 5000 indicates it to be a good support area.
    • Nifty futures : Huge uncovered gap seen between 5210 to 5337.
    • Nifty futures open interest has come down from yesterdays level by 1063300 contracts indicating short covering.

    Conclusion: Short term bottom has been made around 5000 and rally can be expected above 5200. However the rally is expected to fizzle out between 5200-5300.

    Stocks: INDY
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