Nifty: Resistance 4333-4340/4380/4408/4444
Support 4280/4255-4240/4222/4202/4190
Nifty remained in a wide range whole day swinging 100 Pts from high & finally closed almost flat. With US market closed down more than 2% & also being there trading holiday today, we may see alot of volatility ahead of Indian Finacial Budget. We would advise to remain light/hedged in carrying your positions (Shorts/Long).
One may try Nifty strategy of 4100 Pe+4500Ce -- With combined premium costing around 240.
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