Gold price outlook range - 48900-49500 | Rupee vs dollar eyeing 74.20 levels | Know about Nifty and Bank Nifty - all the info you need
Nifty futures opened with a lower gap and remained quite volatile throughout the day. Stock specific action continued whereas OTM Put writing was seen in the 13300, 13000 strike, which should be an intermediate support on downsides. However, 13500 and 13600 Call has noteworthy OI that is likely to keep the index under pressure at higher levels. Nifty futures ended at a premium of 46 points while IV fell by 1%.
Equity benchmarks snapped their past seven session’s winning streak amid muted global cues and ended the weekly derivative expiry session on a subdued note at 13478, down 50 points or 0.4%: Reuters