Sensex, Nifty brace for settlement day amid volatility - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Given the bearish sentiment prevailed in the market, the bears may push the Nifty50 towards 19,220, the low of the August month if it decisively breaks 19,500 on closing basis
Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.
Nifty futures on the NSE International Exchange traded 16 points, or 0.08 per cent, lower at 19,922, hinting at a negative start for the domestic market on Monday.
If Nifty closes above 19,679 on expiry, the strategy will start making a profit and as the risk is limited so will be the profit of up to Rs 6,050 only, he explained. "The maximum gains will be restricted because the gains of a long 19,600 strike call will be offset by the sold 19,800 strike call if Nifty closes above 19,800 on expiry," Palviya said.