Stock Market
Stock Market LIVE: Sensex soars 2,300 pts on exit poll boost; RIL tops Rs 3,000-mark, SBI Rs 900 | News on Markets
Comment:: Dips to bode well for the market in the near-term
The Exit poll outcome cheered market sentiments, skyrocketing key indices to their respective lifetime high levels.
The Implied volatility, a measure of market uncertainty, continues to hover at an elevated zone. The actual outcome is expected to shed light on the recent market move.
Given the eventful week with the election outcome and RBI MPC result, it’s best to take a cautious approach and maintain a practical view. The overall tone seems to support the bulls, and we expect dips to bode well in the near future.
Nifty support – 23,100 – 23,000
Bank Nifty Support – 50,000 – 49,500
– Osho Krishnan, Sr. Analyst – Technical & Derivative Research:
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