ET NOW and ET NOW SWADESH announce Budget 2024 – Vikas Ki Guarantee adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Bear put spreads, calendar spreads and iron butterflies are some of the strategies recommended by analysts. One analyst advises traders to enter into trade during the last hour of the market during budget day
Bank Rollovers on D-1 day are at 57 percent - a tad lower than its 3 months average rolls of 62 percent. It is crucial for Bank Nifty to contribute positively for the overall health of the markets. The expected expiry for Nifty is in the range of 21330 to 21470, while for Bank Nifty, it implies a range of 45450 to 44650.
Market participants are closely monitoring the upcoming Interim Budget 2024, slated to be unveiled by the Finance Minister on February 1. Soni Patnaik of JM Financial provides insights on pre-budget positioning
In Bank Nifty weekly closing today is important. As per experts, if it is above 46500, then some respite can be seen in the next week. However, if it closes below 45500 today, it will open gates for more downside, and simultaneously, Bank nifty can drag down markets.