Story thread · 8 reports / 4 sources

F&O Talk: Nifty indicating little evidence of sustained recovery, says Sudeep Shah; outlines BSE, Groww strategy amid CAS

economictimes.indiatimes.com · 10dShare

The Indian stock market closed in the green on Friday, although Sensex and Nifty erased most of the intraday gains to close near intraday lows after the closing auction session (CAS).Sensex gained 363 points to close at 76,515 while Nifty 50 rose over 24 points to end the session below 23,898 on Friday. Broader markets closed mixed, with Nifty Midcap 100 slipping into the red, while Nifty Smallcap 100 closed in the green.Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty, options data as well as an index strategy for the upcoming week. The following are the edited excerpts from his chat:1.) Sensex, Nifty have fallen 1% this week as CAS lingers. What are levels that traders need to keep in mind?For the fourth consecutive week, the benchmark Nifty ended in negative territory. During the week, the index broke down from its rising channel on the daily chart, signaling a shift in t

First report: Sensex rises over 150 points, Nifty opens near 24,000 as US bonds yields slightly ease. Why is caution still warranted? — economictimes.indiatimes.com, 12d