Nifty is facing a tug-of-war between bulls and bears in the derivatives market, struggling to stay above 25,200 due to persistent call option writers. These traders are betting against the index surpassing this level, creating strong resistance. Simultaneously, put writers are defending the 25,000 level, indicating a solid support base.
Macro headwinds are behind us; largecaps poised to outperform: Prashant Jain
India’s equity markets are poised for a positive turn as economic challenges recede, according to Prashant Jain. He highlights strong domestic fundamentals, improving external balances,