Nifty Today: The immediate Support and Resistance levels for Nifty are: 22,900 and 23,700, respectively, as per Nifty 50 chart
In the derivatives segment, Crompton Greaves, Titan and HDFC Bank saw over 90 per cent rollovers on Wednesday. The Nifty Put-Call-Ratio rose above 1, with FIIs cutting down some of their short bets.
Share market today: In the primary market, Unimesh Aerospace IPO will close for subscription today. Besides, Carraro India, Senores Pharmaceuticals, and Ventive Hospitality will have IPO allotment
US Rate cuts should induce flows, while domestic flows to rein in volatility. A stable currency will aid sentiments
Extended drop in US bond yields and dollar fuels optimism of earlier-than-expected interest rate decline
This shift in ownership dynamics comes as private promoters saw a decline in shares, marking a 4-year low of 41.55 per cent on September 30, 2023, according to primeinfobase
Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
In August, BofA had revised its Nifty target upwards twice citing reduction in macro uncertainty
Since these funds can be volatile, limit your exposure to 5 per cent
Nifty P/E 82% higher than MSCI EM; up from 54% in June
Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options
Many have done worse on profitability
Industry players say biggest impact could be on derivative futures volume followed by cash market volumes
The candlestick formation on the daily chart of Nifty50 index resembles engulfing pattern. On Friday, the index closed 69 points or 0.64 per cent lower, thus engulfing the previous candle.
VIX has stayed fairly high, which indicates that fear exists. Breadth has been negative and there's more volume in net losers