F&O Talk: Healthy correction on cards for Nifty, paving way for next upmove, says Sudeep Shah of SBI Securities

August 4, 2024

On Friday, the Nifty gapped down and closed 293 points lower after hitting a new all-time high, ending at 24,717.70, a 1.2% decline. The Bank Nifty also underperformed, closing 214 points lower at 51,350.15, or 0.41% down.

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NSE Clearing Ltd, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi’s mandated liquidity requirements, citing

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Tech View: Nifty eyes 24,050 as next target; support at 23,550 from put writing. How to trade on Thursday

Tech view: Rupak De of LKP Securities noted that the Nifty could move towards 24,050 in the near term, with support at 23,500, where maximum

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