Stay updated with breaking news from Maximum Put Open Interest. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nifty is expected to consolidate, moving range-bound within 200 points until the year-end, with the next up move expected in January. Bank Nifty, on the other hand, may see a correction up to 47,500 levels.
Analyst expect Nifty to be in a broader range between 18,500 and 19,500 zones at the start of the November series with stock-specific action and capped upside in the market
Explore Now New Delhi: Benchmark equity index Nifty managed to end the May F&O series at record closing highs on Thursday amid buying interest seen in cement, bank and IT counters. Though the index witnessed volatility throughout the session, it managed to eke out gains and end 36 points higher. Nifty managed to close above the crucial resistance level of 15,335 on a closing basis, forming a Doji candle on the daily chart. Analysts said the index may face some resistance as it inches towards its lifetime high levels. Will the bulls manage to take Nifty past its all-time high levels?
Aditya Agarwala of YES Securities said that the index can test levels of 15,400-15,450 levels on a sustained trade beyond the 15,335 level.
F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signal SECTIONS F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signalBy Chandan Taparia, ETMarkets.com Last Updated: Jan 20, 2021, 05:38 PM IST Share Synopsis Now, the index has to hold above 14,500 level to extend its move towards 14,750 and then 15,000 levels, while on the downside, immediate support exists at 14,450 and 14,350 levels. Volatility could be comparatively higher ahead of the Union Budget 2021. Nifty opened positive on Wednesday, took support at previous da...