Indian Markets extend recovery - IIFL

Markets extended the recovery for the third consecutive session with Nifty closing well above 5,850 mark. It is the same level from where the index fell on the budget day and it also coincides with its 100-DMA. The immediate resistance for Nifty after yesterday's upmove is seen at 5,950.

Sensex futures shed ~0.00048mn shares in open interest. For the Sensex, highest put activity was seen in 18600 strike and call option at 19800.

Source : Equity Bulls

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