The index trades above the 50-day SMA, with expanding Bollinger bands signaling bullishness. Options data shows strong call and ITM put writing at 24,800, reinforcing a bullish outlook, said Praveen Dwarakanath.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South