Yesterday nifty crossed a major resistance 2860 and closed +5% 2928. Huge build up in open interest is a concern. FII data is showing bulishness. Heavy writing of puts are showing a positive direction to the markets and the fast stochastic is at over bought zone means the rise may be for one day. Hence one may book profits in calls at further rise of 5% in nifty and wait for weakness to short. Presently there is no chance to think for down side. Let us think in the second half of friday.
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