The Nifty index sell-off indicates it’s still a sell-on-rise scenario, with immediate resistance at 23,100 and support at 22,850. Momentum indicators remain below oversold levels, suggesting a potential dead cat bounce. Options data for January expiry shows increased put writing at 23,000 and above, signalling support, according to Praveen Dwarakanath of Hedged.in.
Bank lending growth halves in February amid retail and NBFC slowdown
Bank lending growth in FY’25 until February slowed to 10.9% from last year’s 20.6% due to a decline in retail and NBFC loans, according to
March 28, 2025