Nifty opened higher but closed lower, forming a bearish belt hold pattern. The 21-day DEMA at 24,070 is immediate support, while 24,350 is resistance. The short-term trend is up, but a breakout above 24,350 is needed for further upside. Highest OI on the call side is at 24,200 and 24,250, and on the put side, it’s at 22,200 and 24,150.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The