48800 remains a strong resistance and the attempt to break has failed multiple times. The market is likely to make one more attempt to touch 50K before returning to 46000
Weekly Support: 47900 => 46650 Weekly Resistance: 48900 Trend: May Reverse to Bearish
Strangles on April's second week and above contracts are better option strategies
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By Sathish Kavinchal SEBI Registered Research Analyst INH200007539
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