The Nifty index, yet again, failed to register follow up buying post early morning gains. For the last 5 trading sessions, it has been trading in the range of 18,000-18,200. Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500.
PUT writing is seen at 17,900 strike in the Nifty, which can act as an immediate support.
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