Tech View: Nifty charts show high wave type pattern. What traders should do on Thursday

“Both call and put writers played out aggressively at 19,800 strikes, with the bulls leading the battle by a fair margin ahead of the weekly expiry tomorrow (Thursday). The support for Nifty now shifts to 19,700 from 19,600. The max pain, which is the strike with most open option contracts, is placed at 19,800 in Nifty,” said Ashwin Ramani of SAMCO Securities.

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