Support for Nifty at 5950: Dolat Capital

Written By Unknown on Selasa, 26 November 2013 | 10.54

Dolat Capital's Derivative Report:

Major short covering across the board helped the Index to close 119 points up. Short covering was seen in cement, banks, oil & gas. Longs were added in capital goods. OI unwinding was witnessed in 6000-6100 CE's. Nifty and MW rolls were above average.

As per options data, Nifty may find strong resistance near 6200-6250. Support lies at 5950.

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