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Nifty outlook & trading strategies by CapitalVia: Buy SBI, Dr Lal PathLabs

Better-than-expected Q2 GDP data numbers might help index to move in the positive territory

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We can witness short-covering move along with addition of fresh position only if Nifty breaches 13.000

Gaurav Garg Mumbai

2 min read Last Updated : Dec 01 2020 | 8:03 AM IST

Market traded in a close range on Friday, November 27, as US market were closed due to Black Friday. However, on the domestic front, better-than-expected Q2 GDP data numbers might help index to move in the positive territory. Nifty closed at 12,968, losing18 points on Friday. Realty, auto & media stocks settled with positive sentiments whereas technology stocks closed with a red mark. Nifty bank closed at 29,609.05, adding 59.30 points from the previous day's closing.

As per weekly option data, heavy put writing on lower strikes, ranging from 12,700 to 12,900, is witnessed which shows Nifty might face support in

Topics : Stock calls Markets Nifty Outlook Trading strategies Market technicals sbi Dr Lal PathLabs

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