On the derivative front, the strike of 19,300 saw the highest addition of put open interest (OI). In contrast, the strike of 19,500 continued to possess the highest call OI, indicating immediate support and resistance.
Pharma, chemicals offer contrarian bets in stock-specific market: Hiren Ved
Hiren Ved suggests that geopolitical tensions are hindering market breakouts despite strong monetary stimulus from the RBI. The Nifty’s range-bound movement reflects these opposing forces,