The index trades above the 50-day SMA, with expanding Bollinger bands signaling bullishness. Options data shows strong call and ITM put writing at 24,800, reinforcing a bullish outlook, said Praveen Dwarakanath.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and