The Nifty index sell-off indicates it’s still a sell-on-rise scenario, with immediate resistance at 23,100 and support at 22,850. Momentum indicators remain below oversold levels, suggesting a potential dead cat bounce. Options data for January expiry shows increased put writing at 23,000 and above, signalling support, according to Praveen Dwarakanath of Hedged.in.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of
December 7, 2025