Market gives up gains after firing weighs on ceasefire
Indian equity indices closed with slight gains amid Middle East tensions, paring earlier advances. Investors are closely monitoring the Iran-Israel conflict, leading to market volatility. While Asian markets largely rose, oil prices declined. Analysts advise caution, suggesting selective investments and gradual deployment due to ongoing uncertainty.
Can Nifty overcome the 25,200 resistance amidst bull-bear tussle?
Nifty is facing a tug-of-war between bulls and bears in the derivatives market, struggling to stay above 25,200 due to persistent call option writers. These traders are betting against the index surpassing this level, creating strong resistance. Simultaneously, put writers are defending the 25,000 level, indicating a solid support base.