As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.
Only a handful of traders power India’s F&O volumes, highlights Zerodha’s Nithin Kamath
Nithin Kamath said India’s F&O market remains small despite perceptions, with limited participation. A tiny group of 1–2% traders drives 60–70% of volumes, making brokerage