On the daily charts, the Nifty finished 27 points higher and over the 22,400 mark, forming a hesitant Doji candle.
Any declines from this point may present a buying opportunity heading into the 22,225–22200 levels of support. The levels of 22600 and 22800 should be monitored as short-term upward targets. Senior Technical Research Analyst at HDFC Securities, Nagaraj Shetti.
Examining the Open Interest (OI) data
It was found that the call side had the greatest OI at 22,500, with the 22,800 strike prices coming in second. The highest OI was noted at the 22,200 strike price on the put side.US markets open lower on Monday following a recent rise; economic data to be released Investors took a break at the beginning of a week filled with important jobs data and Fed Chair Jerome Powell’s congressional testimony. The S&P 500 and the Nasdaq had closed at all-time highs the previous session.
Dow Jones Industrial
At the opening, the Dow Jones Industrial Average dropped 118.61 points, or 0.30%, to 38,968.77. At the opening bell, the Nasdaq Composite fell 10.73 points, or 0.07%, to 16,264.21, while the S&P 500 opened lower by 6.09 points, or 0.12%, at 5,130.99.With a busy week ahead for investors, the euro and pound are on the rise.
At the beginning of a busy week for markets that includes the British budget, a meeting of the European Central Bank, the release of U.S. jobs data, and significant political events in China and the United States, the value of the U.S. dollar declined somewhat on Monday.
All eyes were also on BitcoinBitcoin. ..
Following a calm weekend, surged to a height above $65,000, surpassing two years earlier. This increase was fueled by large inflows into cryptocurrency exchange-traded funds, particularly in the US.
Virat kohli’s company can offer IPO
Three initial public offerings (IPOs) have been approved by the capital markets regulator Sebi, including Go Digit, which is supported by Virat Kohli. Three companies, including the cutting-edge insurance provider Go Digit, funded by famous cricketer Virat Kohli, had their initial public offerings (IPOs) approved by Sebi.
RBI big decision
RBI suspends IIFL Finance’s ability to pay out gold loans and raises supervisory issues
With immediate effect, the Reserve Bank on Monday prohibited IIFL Finance Ltd from disbursing gold loans due to many supervisory issues, including significant variances in the assaying and certification of the yellow metal’s purity. A well-known supplier of financial services, IIFL Finance provides a selection of mortgages and loans. The Reserve Bank of India’s (RBI) most recent guidelines only address the gold lending industry.Macrotech Developers has established a floor price of Rs 1129.5 per share for QIP; the issue is open today.
According to an exchange filing, the company may give institutional buyers a floor price discount of no more than 5%.Weak global cues caused the market to trade range-bound, and investors became stock-specific in response to the general caution on wider indices.
-Daisy