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MTECHTIPS NIFTY FUT intraday trading analysis 10-03-2016
MTECHTIPS Nifty future as expected given reversal and closed above 7470. We saw today almost 130 points rally from low to high. Fresh breakout seen and above 7470 nifty will remain buy. On upside expect targets of 7610 and then 7925. 2% cut in open interest shows shorts getting out of system. Option side we seen strong writing at OTM put options which also supporting market.
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