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The nifty has a crucial support of the 50 DMA level of 22,300 and a decisive close below the 22,300 level the nifty can slide further to the 22,000 and 21,800 levels.
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The nifty has a crucial support of the 50 DMA level of 22,300 and a decisive close below the 22,300 level the nifty can slide further to the 22,000 and 21,800 levels.
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Based on the OI percentage, 71 stocks, including PVR, Max Financial Services, Tech Mahindra, RBL Bank, and City Union Bank, saw a short buildup.
Ahead of the weekly futures and options expiry session, SGX Nifty was up more than 100 points, suggesting a positive start to the day’s trade.
Nifty traded in a 359-point range, and the market maintained its trajectory throughout the week, barring few incidents of consolidation on the daily chart.