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Indices traded in close range ahead of weekly expiry; Nifty defends 9,200
Market traded with sideways sentiments through-out the session on Wednesday but banking stocks helped indices settle in the green. Nifty managed to close at 9,270.90, adding 65.30 points. Private banks and financial stocks traded with positive sentiments whereas FMCG and PSU banking sector closed in the red. Nifty bank closed at 19,685.75, adding 422.70 points from the previous day’s closing.
As per weekly option data, handful of put writing on lower strikes ranging from 9,000 to 9,200 is seen which shows Nifty would witness firm support in sub 9,200
