Technical View | Nifty forms Doji pattern, 21,700 crucial for further upside
The options data suggests support at 21,500-21,600 in the immediate term, while 21,800 is the resistance area
Stay updated with breaking news from High Wave. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The options data suggests support at 21,500-21,600 in the immediate term, while 21,800 is the resistance area
The options data shows in index may face resistance in the 21,500-21,800 range in the coming sessions, with immediate support at 21,400, and then 21,000
A short build-up was seen in 55 stocks including LTIMindtree, HDFC Bank, ICICI Prudential Life Insurance Company, Max Financial Services Company, and IndiaMART InterMESH.
The options data clearly indicated that 21,700 is expected to be an immediate hurdle for the Nifty 50, while immediate support may be at 21,600.
A long build-up was seen in 58 stocks, which included Delta Corp, HDFC Asset Management Company, Gujarat Gas, Torrent Pharmaceuticals, and Mahanagar Gas.