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Nifty has closed at 5168 after tasting an intraday low 5142. Nifty has succeeded to close above 5150 level on Friday, a positive sentiment continued above this level. Nifty had not breached its support area on Friday’s session amid the European bad news. 5200 strike rate call has been short sold while 5100 strike rate put had a lot of action on Friday, it confirmed traders are positive above 5100 level and 5200 may act as a resistance level for Nifty.
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