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Nifty 50 Index
Long

Nifty outlook for tomorrow

By darshandedania
NIFTY
snapshot

On Consecutively second day nifty formed an inverted hammer pattern which is bearish reversal sign.

Option chain data suggests small short covering at 11500 CE plus heavy PUT writing is seen at 11500 PE which indicates it is difficult to break 11500.
One can go long in Nifty with 11500/11490 as SL.
Chart PatternsNIFTYoptionanalysisTrend Analysis
darshandedania
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