Trade setup for Friday: 15 things to know before opening bell
The Nifty 50 is likely to be headed towards 22,500-22,600 levels provided the 22,300 acts as a support in the coming sessions, experts said.
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The Nifty 50 is likely to be headed towards 22,500-22,600 levels provided the 22,300 acts as a support in the coming sessions, experts said.
The weekly options data indicated that the Nifty may face resistance at 22,700-22,800 levels, with crucial support at 22,000 mark.
The volatility maintained northward journey for sixth consecutive session, which may put the bulls at uncomfortable position. The India VIX, the fear gauge, rallied 4.5 percent to 13.45 levels, taking total six-day gains to 32 percent.
The options data indicated that the Nifty is expected to face resistance at 22,800-23,000 levels in the coming sessions, with support at 22,500-22,400 levels.
The options data indicated that the Nifty 50 may take support at 22,200 and 22,000 levels, with resistance at 22,500 and 22,600 levels.