● Despite rising war tensions, Nifty held firm above the 24,000 mark last week, showing the strength and resilience of Indian market—bolstered further by strong Q4 earnings.
● While many are expecting a sharp fall, foreign investors (FIIs) have mostly continued buying, except for last session, which suggests confidence is still intact and a major crash seems unlikely.
● Meanwhile, India VIX spiked above 21, signalling that volatility is heating up.
● Option data shows heavy put writing at the 24,000 level, marking it as a strong immediate support zone.
● On the charts, 23,800 stands out as solid technical support, and as long as Nifty stays above it, the overall mood is likely to stay bullish.
● Given this setup, the market is likely to trade in a sideways to bullish range in the coming week, unless major negative news breaks.
● While many are expecting a sharp fall, foreign investors (FIIs) have mostly continued buying, except for last session, which suggests confidence is still intact and a major crash seems unlikely.
● Meanwhile, India VIX spiked above 21, signalling that volatility is heating up.
● Option data shows heavy put writing at the 24,000 level, marking it as a strong immediate support zone.
● On the charts, 23,800 stands out as solid technical support, and as long as Nifty stays above it, the overall mood is likely to stay bullish.
● Given this setup, the market is likely to trade in a sideways to bullish range in the coming week, unless major negative news breaks.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.