Ripples Advisory Nifty Has Strong Resistance At 10344 As FII & PRO Is Still Sell In Current Expiry

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Market Outlook:

Yesterday, Nifty was not able to trade above its previous week high of 10344 and closed at 10299. In the current Expiry, FII and PRO in combined have a sell position of 296772 contracts in Index Options which suggests that the major players are still short in the market.

Realty stocks continued its upward momentum led by Purvankara which zoomed by 18% Kolte Patil gaining 11%, and Ajmera Realty rose by 8%.

Nifty Future is opening gap-up by 31 points against yesterday close of 10318 as indicated by SGX Nifty which is currently trading at 10349.

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