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ā¢ Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19650 strikes.
ā¢ India VIX was down by 0.47% from 11.18 to 11.13 levels on Wednesday, creating room for the bulls.
ā¢ Nifty formed a Bullish hammer candle with a long lower shadow, indicating support-based buying.
ā¢ Immediate trading range is between 19500 to 19800 zones, with broader range between 19300 to 19900 zones.