Market trader Peter McGuire assesses the geopolitical situation’s impact on oil prices, emphasizing the timeframe’s importance. A short-lived conflict might cause a blip, but a prolonged issue, especially involving the Strait of Hormuz, could significantly elevate prices. McGuire highlights the potential for prices to surge beyond $100 if Iran blocks the Strait, urging observation of U.S. and Saudi responses.
F&O Talk: Big break above 23,200 can open doors for 23,500 for Nifty; Sudeep Shah picks 6 stocks ahead of Diwali
Nifty could extend its recovery towards 23,500 if it decisively breaks above the 23,150–23,200 resistance zone, says SBI Securities’ Sudeep Shah. He also shares his
October 31, 2026