RELIANCE STRANGLE STRATEGY FOR JUN 2018
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F&O expiry of may series was above expectation, after a long we have seen bulls only in action on the expiry day on expectations that the domestic economy likely gained momentum in the first three months of 2018 bulls cheered...!!!! The Sensex ended the day at 35322, up 416 points while the broader Nifty future settled at 10727. India is likely to retain the position of world’s fastest growing major economy in the January-March quarter, surpassing China’s growth of 6.8 per cent, driven by gains in manufacturing and consumer spending. The median in a Reuters poll on the latest quarter’s annual growth was 7.3%, the best pace since July-September 2016. Forecasts for January-March range from 6.9 to 7.7%.