Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135, and resistance at 24,567. Sustenance of this upmove is crucial. The highest OI on the call side is at 24,500 and 24,400 strike prices, while on the put side, it’s at 24,200 and 24,300.
AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat
South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to