Can Nifty Bulls March On For A Sixth Day On Weekly F&O Expiry? Opening Bell Live
The Nifty 50 continues to ride on strong momentum, closing above the key psychological milestone of 25,000 for the very first time. The index added 70 points on August 20, extending its winning streak to a fifth straight session, ahead of the weekly F&O expiry. Technical indicators remain supportive of the bulls, with short-term moving averages pointing higher and analysts suggesting that as long as the index sustains above the 25,000 mark, the near-term upside targets of 25,170 and 25,250 remain in play. On the flip side, 24,850 — the low of Monday’s bullish breakaway gap day — is likely to serve as a strong support zone. However, global cues are turning out to be mixed, and early trends from the GIFT Nifty are hinting at a muted start to the trading day. Among individual stocks, Ultratech, Clean Science, and Vedanta will be in focus, while investors will also be tracking developments as the Finance Minister addresses the Group of Ministers on rate rationalisation. Catch Nandita Khemka on Opening Bell Live as she discusses the market set-up, trading strategies, and stock ideas with Chandan Taparia, Senior Vice President and Head of Derivatives & Technical Research at Motilal Oswal, and Anand K Rathi, Co-Founder of MIRA Money.
