Nifty’s short-term trend remains negative, with support at 22,700-22,650 levels (38.2% Fibonacci retracement) and resistance at 23,000, according to Nagaraj Shetti of HDFC Securities. Open interest data shows the highest call OI at 23,000 and 22,900 strike prices, while the highest put OI is at 22,800. These levels indicate crucial points for market movement.
Macro indicators, retail participation aligning for a multi-decade bull run: Madhu Kela
Market veteran Madhu Kela advises investors to focus on bottom-up ideas and segregate research from execution. He is bullish on India’s long-term prospects, citing favorable
June 20, 2025