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NIFTY WILL TRADE IN 5550-5950

Fridays FII data shows they brought index futures and index options around 180 and 3300 cr respectively.Open interest in 5600 PUT and 5800 call are above 10 lakhs.Now market is oversold and but korean tension and european debit moving around ,we have to expect below 5600 as support level and buy ,play for 200 point ,ie for 5950 in upper band.
Only major trend change is now FII selling in cash market and buying in futures,when market jumped from 5400 to 6300 around diwali ,they were buying in cash market.

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