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Nifty may face strong resistance above 3,400

Posted on: April 13th 2009 in Market Outlook.

Futures & options (F&O) traders On Thursday sold 3,300 strike put and 3,400 strike call options, indicating that they expected the Nifty to trade between 3,300 and 3,400 in the near future. A fresh writing of Nifty put or call options at certain strike prices suggests support or…

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