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Nifty outlook & trading ideas by Gaurav Garg of CapitalVia Global Research

As per weekly option data, handful of put writing on lower strikes ranging from 11,600 to 11,800 is witnessed which shows Nifty would face firm support in the sub11,800 zone

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We can witness short-covering move along with addition of fresh position only if Nifty breaches 12,000

Gaurav Garg Mumbai

2 min read Last Updated : Oct 22 2020 | 7:54 AM IST

Market trade with volatility on Wednesday, Nifty likely to hold 11,800

Market traded with huge volatility ahead of weekly expiry on subdued global cues. Nifty closed above 11,900, which is also the immediate support to look for. Nifty managed to close at 11,937.70, adding 40.90 points. Banking, metal,and realty sector traded with positive sentiments whereas technology and FMCG sector closed in the red. Nifty bank closed at 24,635, adding 323.20 points from the previous day's closing.

As per weekly option data, handful of put writing on lower strikes ranging from 11,600 to 11,800 is witnessed which shows Nifty would face

Topics : Stock calls Market technicals Markets Polycab India Indraprastha Gas

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