F&O Tracker: Charts hint at a rebound - The Hindu BusinessLine
Nifty 50 fell 1.9% last week, with June futures down 1.8% after peaking at 23,271.25. Despite a drop in Open Interest (OI), key support at 22,600-22,650 suggests a possible rebound to 23,000-23,250. A fall below 22,600 could extend to 22,400 or 22,180. For trades, buy Nifty futures at dips to 22,800, with a stop-loss at 22,550 and target of 23,250. Bank Nifty ended flat but is bullish above 48,900, potentially rising to 50,000-50,500.
Source: thehindubusinessline.com
