Sensex Today | Stock Market LIVE Updates: Nifty bulls aim to prevent re-test of May series lows amidst Iran jitters
Sensex Today | Stock Market LIVE Updates: The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 – 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
Sensex Today | Stock Market LIVE Updates: Today is the weekly options expiry of the NSE contracts. The Nifty 50 index has lost over 500 points in the last two sessions. From looking to find support between 23,700 – 23,800 levels, the Nifty failed to defend 23,500 as well on Monday. With this, the door has opened for a retest towards the May series low of 23,262.
The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 – 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
Today is a session that will be dominated by QIPs, block deals, and OFS’. Alkem Labs, Ola Electric, ACME Solar, NHPC, KRN Heat, will all be in the spotlight due to this. The bulls would also hope that the IT stocks continue to lend any form of support to the index.
Watch this space for all the LIVE stock market updates.
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