The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The short-term trend is bearish, with support at 23,300 and resistance at 23,600. The highest OI on the call side is at 23,500 and 23,600, while on the put side, it’s at 23,400 and 23,300.
Weekly Expiry: Sensex mirrors Nifty’s swings, but with milder spurts
The recent weekly expiry of Sensex showcased unexpected surges in the index and heightened options premiums. Traders observe that such fluctuations are now standard until
August 7, 2026