Dr Praveen Dwarakanath, VP at Hedged.in, noted that Nifty showed strength, rebounding from the middle of the Bollinger band after an intraday dip. The momentum indicators on the hourly chart signalled recovery, supporting a bullish close. Options data suggests a range-bound movement, with put writing at 23,300 and below, and call writing at 23,500 and above.
Private sector banks set to generate Alpha in 2025: Radhika Gupta
Radhika Gupta of Edelweiss MF highlights the re-rating of India’s stock market, particularly noting the potential in consumption stocks despite their higher PE multiples. She
February 6, 2025