Daily Nifty50 Analysis

NIFTY
4/3/2024
Overview- Tata Motors will undergo a demerger as commercial and passenger vehicle segments will become separate entities. Houthi rebels have warned UK ships operating in Red Sea, the attacks on them will continue.

Outlookf or 5/3/2024- Nifty50 remained absolutely sideways for the second trading session with option sellers making the most money. We can mark a no trade zone from 22463 to 22359. Rangebound market is not one for the option buyers. Important resistance at 22432 and 22463 while support at 22359 and 22344. No clear direction in the larger market.


Note - This is purely educational and not Investment advice.