From the options space, significant Call writing can be seen at ATM strikes with total open interest of more than 1 cr shares at both 17900 and 18000 Call strikes. For the first time during the series, we are witnessing higher Call writing than the Put bases. Hence one can expect some consolidation below 18000 during settlement and fresh up leg might be seen only if Nifty moves above these levels.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,