Transcription
Welcome, Mr. Anil Singh, Managing Editor of Business. Sir, good morning. Now America has also lifted the ban on Iranian oil. Then why is Gift Nifty so sluggish? Good morning, partner. See, the removal of the ban was already anticipated, that this ban was going to be lifted. And because yesterday, the way the Iranian Foreign Minister, Mr. Zarif, had tweeted, he had also said that this was all decided in the first round of talks. The only difference is that Mr. Biden went and announced it in America. So that's the first thing. The second thing is that when this announcement was made, crude oil did fall a bit. It fell and came back. It was around $78, same as yesterday around $78-$79, and today it is also around there. And now it doesn't make much difference from $18. That's the second thing, the third thing is that the American markets had mixed trading. You saw that the Dow remained strong, but Nasdaq and S&P were a bit weak. And Dow futures are fine today, almost 100 points up, but Asian markets are mixed. Nikkei and Korea, the two markets we track, Korea is 2.25% down, Nikkei is slightly in the red. And as for our own indicators, the figures for both FIIs and domestic funds are very small, with buying and selling coming in at ₹1000-₹1500 crore. So that's also not a big call, neither FIIs nor domestic funds are taking a big decisive step towards a bull or bear market, and that's not the case. And because of this, there is sluggishness. And see one more thing, Swati, what is happening is that for the last three, four, five sessions, you see that opening with a gap up or down happens, and after that, the range throughout the day is very small. Neither a big rally nor a big fall. So today also the signs are the same. The only difference is that today is Nifty's weekly expiry, so after the opening, you can expect a little increase in action. That's all. Let's see. Uh, the opening will be sluggish, these things are absolutely. When we... Absolutely. You talked about action, so what will be the important levels for Nifty, Nifty Bank support? The levels are also clear. And as soon as it comes down, buying comes back. And as it goes up, for some reason, profit booking also comes. So 23,915-24,25 will act as support. These are the levels you should note. And also, on the upside, there is a range of 24,175 to 24,300, where Nifty might be seen to pause a bit. F&O positions are also made accordingly, where, considering today's weekly expiry, you see at 24,100, there is an open interest of around 1 crore 10 lakh shares. Equal in both put and call. So somewhere the market wants to show that it will be seen moving around 24,100. And below, 24,000 is a very strong support. At 24,200, the open interest is also maintained equally. So F&O data also indicates a range-bound trade. Yes, yes, thank you very much, sir, for talking. We will meet again in a little while. Sir, you haven't given the levels for Bank Nifty. I forgot. The situation for the bank is a bit better. Yesterday's closing can be considered good. We were very close to 58,000. And for Bank Nifty, 57,600-57,800 is the level for Bank Nifty that you should keep in mind as support. On the upside, 58,375-58,575 is the upper range for Bank Nifty, on which you should focus. For profit booking, a good rally can be formed by moving above 58,000 today. A small resistance level is around 58,125. This is all the action for you. Yes.