Technical View | Nifty may continue to consolidate, support at 21,500
The options data suggests that 21,700 mark will be the key hurdle on the higher side and 21,500 will be the immediate support on the lower end
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The options data suggests that 21,700 mark will be the key hurdle on the higher side and 21,500 will be the immediate support on the lower end
The options data suggests support at 21,500-21,600 in the immediate term, while 21,800 is the resistance area
While experts believe that the market valuations were expensive on the back of multiple new peaks hit since September last year, do the recent corrections make for a good buying opportunity?
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
The options data indicates that 21,500 is expected to be the immediate support for the index and 21,700-21,800 the likely hurdle