Thursday, 12 April 2018



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NSE's benchmark Nifty has remained in the green so far on the weekly chart. On the weekly chart, the index made a Twizer Bottoms around 10000 and moved up northwards.

Moreover, in its recent rally, Nifty has reclaimed its crucial 200-Days moving average (DMA). Also, the index has been sustaining higher after it broke out above the falling channel.


On the options front, increased interest in 10,200 Put suggests a positive shift in the Nifty range. However, a proximity to resistance levels may induce some small correction which we think would provide a buying opportunity in the near term.

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