Nifty formed a long bear candle, indicating a downside breakout. The index closed near the gap support of 23,900. Immediate support is at 23,800 and 23,560 (200-DMA). Resistance is at 24,350-24,360. A breakout above 24,360 is needed for a further uptrend. The highest OI on the call side is at 24,000 and 24,100, and on the put side, it’s at 23,800 and 23,900.
High margin requirements will discourage undue speculation in electricity futures: Sebi Chief Pandey
A high initial-margin requirement will discourage “undue speculation” in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.
July 18, 2025