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In line with rest of world markets and with yesterday meet of FII's and finance ministry remain un conclusive. As no clear picture emerged, in gaar and p-notes front, adding more pressure, but as today we have last day of f&o expiry, so focus will be on that too. Now for today, 5130 nf will act as last hope support of bulls. On bounce 5190 nf first hurdle of bulls. Only breaking this range will set further moves from bulls or bears.
Today is Nifty F&O expiry, according to expert tips, all attempts will be made by the index to see it stay and close above 5,200. If the F&O expiry is weak then the index could break below this mark. There is a lot of volatility and it's almost completely unpredictable. Sometimes volatility is predictable. But on F&O expiry a lot of the stuff is unpredictable. So, those who have short positions should keep them, but beyond that today is a no trading day.
Nifty F&O expiry will keep market in a volatile mode. As the global cues are quite weak today. So, investors are advised to exercise some caution.
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