Nifty’s short-term trend remains negative, with support at 22,700-22,650 levels (38.2% Fibonacci retracement) and resistance at 23,000, according to Nagaraj Shetti of HDFC Securities. Open interest data shows the highest call OI at 23,000 and 22,900 strike prices, while the highest put OI is at 22,800. These levels indicate crucial points for market movement.
FII inflows driven by relative stability, not blind optimism: Saion Mukherjee
The market construct looks quite positive. But I do not think we are out of the woods yet. My concern would be how the economy
April 29, 2025