“The September expiry, especially the second half was dominated by the bears. However, the October series has started on a strong footing. Although the market is not yet out of the woods, the downside looks restricted from the current level. Overall structure shows that the index can witness sideways to positive action & can test 17500 on the upside.”
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This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.
December 9, 2024