Nifty opened flat but closed lower on Thursday. The volatility index India VIX surged. The index formed a red candle on the daily chart, indicating weakness. The 50-weekly SMA at 23,300 is a key support level. A short-term relief rally is possible if the index holds above 23,200. The highest OI on the call side is at 23,350 and 23,400, while on the put side, it’s at 23,350 and 23,300.
India’s macro setup stable, but markets await earnings firepower: Hemang Jani
Hemang Jani suggests favoring Swiggy, Eternal, or Policybazaar over Nykaa among new-age companies, citing Nykaa’s lackluster performance. He anticipates stable market conditions with a focus