Tech view: Rupak De of LKP Securities noted that the Nifty could move towards 24,050 in the near term, with support at 23,500, where maximum put writing is visible. Open interest (OI) data shows the highest OI on the call side at 23,800 and 23,750 strike prices, while the highest OI on the put side is at 23,500, followed by 23,600.
Rising input costs continue to pressure Reliance’s O2C business: Yogesh Patil
Reliance Industries navigates tough market conditions. Refining margins face volatility due to rising costs. Global crack spreads show improvement, but structural issues persist. The company’s