The Indian market is expected to trade higher on Tuesday, supported by positive global cues. Nifty futures closed lower on Monday with a 0.34% loss. Options data suggests a broader trading range of 24,100 to 25,000, with immediate support at 24,500 and resistance at 24,700. Traders can focus on short-term opportunities in selected F&O and cash market stocks.
AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat
South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to