Nifty opened flat, broke Thursday's high but couldn't sustain and we saw the rejection. It was a range-bound day as Nifty also didn't go much down and moving in 80 points range. We bought Nifty 16000 PE and booked at cost because of the range-bound move.
SGX Nifty is showing indicating gap-down opening with more than 100 points, expecting a volatile day.
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