For BSE Sensex as well as Nifty 50, it seemed a gap-down beginning with Nifty Futures trading 0.25 percent down i.e., on 46.50 points on the Singapore Exchange at 18287.
According to major market analysts, Indian share market, on Thursday, is not only going into the expiry of weekly options but also the expiry of monthly options, keeping the markets volatile for a while. Share Market Players will keep Rupee movement versus US Dollar rates, Oil Prices, and such other Global hints for FY22 July-September quarters earning under watch.
Nagaraj Shetti, Technical Research Analyst, HDFC Securities, opined that recovering from the last four sessions the market has come up. He further added that this validation of higher bottom reversal might pull Nifty to the levels of 18600 in the upcoming week. He concluded it with instantaneous support is placed at the levels of 18200.
