Holistically the markets move in cycles and it has the tendency to be forward-looking. Therefore, both the good and the bad news gets discounted before it has truly occurred. The news that the West could go into recession is no longer ‘NEWS’. It has been fairly discounted by the market like it had discounted previous major events.
F&O stocks to buy today: Biocon, Dabur among top 9 trading ideas
On the options front, the maximum Call OI is placed at 22400 and then towards 22600 strikes while the maximum Put OI is placed at