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F&O Manual | Nifty trades positive, crucial support at 19,250

A breach 19,170–19,200 can lead to further weakness and the Nifty can slide to 19,050–19,000 in the near term. The 'sell-on- rise' strategy is expected to favour traders until the Nifty surpasses 19,500, analysts have said

September 01, 2023 / 13:08 IST
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Among individual stocks, Idea, BHEL and ONGC saw a bullish setup, while TorrentPharma, LaurusLabs and Siemens saw a short build-up.

Indian shares shrugged off a slow start amid mixed global cues to trade higher in the afternoon session on September 1, with the metal index up 3 percent, auto 0.5 percent and the oil & gas index up 0.8 percent from the previous day.

At 12.20 pm, the Sensex was trading 176.71 points, or 0.27 percent, higher at 65,008.12, while the Nifty gained 73.20 points, or 0.38 percent, at 19,327.00. About 1,842 shares advanced, 1,179 declined and 127 shares remained unchanged.

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The bars reflect changes in open interest (OI) during the day. The red show call option OI and the green put option OI