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The level of 9,200 might act as a base for Nifty's weekly expiry

Indices rallied for third consecutive day; Nifty closed above 9,500

Market traded with positive sentiments on Friday and witnessed strong momentum despite soft global cues. Nifty managed to close above 9,500-mark which shows confidence from bulls. Nifty managed to close at 9,580.30, adding 90.20 points. Realty, pharma, and FMCG closed on a positive note, but IT and media stocks closed in the red. Nifty bank closed at 19,297.25, adding 127.45 points from the previous day’s closing.
 

As per the weekly option data, handful of put writing on higher strikes ranging from 9,200 to 9,500 is seen which shows Nifty would witness