Nifty opened flat but closed lower on Thursday. The volatility index India VIX surged. The index formed a red candle on the daily chart, indicating weakness. The 50-weekly SMA at 23,300 is a key support level. A short-term relief rally is possible if the index holds above 23,200. The highest OI on the call side is at 23,350 and 23,400, while on the put side, it’s at 23,350 and 23,300.
As many puzzles as lessons from state elections which proved there’s more to BJP than just Modi: Swaminathan Aiyar
Swaminathan Aiyar, Consulting Editor of ET Now, analyzes the recent election results in Maharashtra and Jharkhand, highlighting the BJP’s surprising victories despite a previous setback
November 25, 2024