Volume profile indicates Nifty has strong support around the 19,300-19,400 zone. OI data showed that on the call side, the highest OI was observed at 19,700 followed by 19,800 strike prices while on the put side, the highest OI was at 19,500 strike price
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction