Indian equity markets are set for a slightly positive start post the previous session’s divergent trend. Nifty ended above the 20,000 mark with PSUs hitting 13-Year highs and midcaps seeing a sharp recovery in the last hour of trade. The prevailing sentiment remains optimistic, contingent on Put writers safeguarding the 19,900 levels. A drop below 19,900 could unsettle put writers, potentially triggering market corrections. But, the real question one asks is- what’s next for markets? We try and decode the carnage witnessed in the broader index stocks and how one could navigate this further. Join Moneycontrol's Nickey Mirchandani in conversation with Chandan Taparia---Senior Vice President, Head - Derivatives & Technical Research, Motilal Oswal and A K Prabhakar—Head of Research, IDBI Capital.
first published: Sep 14, 2023 09:06 am
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