F&O Radar: Deploy Bull Call Ladder in Nifty to benefit from positive bias, rangebound index
The Nifty index closed above 25,000 for the fourth consecutive day on Wednesday, indicating short-term strength.As long as the index continues to trade above this level, the short-term outlook remains positive.'On the downside, immediate support is at the 25,000 level, while the 25,200 strike has the highest call open interest (OI). In the last trading session, the index attempted to break and close above this level but ultimately settled below
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Economic Times
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ADVERTISEMENT Friday the 13th, considered ominous in western culture, lived up to its reputation as Sensex fell over 1,300 points in morning session while Nifty fell below 24,500-mark amid widespread sell-off on Dalal Street. The strike escalates Middle East tensions in a key oil-producing region, exacerbating existing pressure on global markets from President Trump's trade policy overhauls. Israel said it targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Israeli media and witnesses reported explosions at multiple sites and confirmed the killing of Revolutionary Guards Chief Salami in the strike. Israel declared a state of emergency anticipating Iranian retaliation through missile and drone strikes. 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Business Standard
42 minutes ago
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INR slumps to 2-month low beyond 86/$ mark
The Indian rupee slumped in opening trades on Friday tracking pessimistic global sentiments amid ongoing tensions in the Middle East. Weak equities and surging oil prices weighed heavily on the counter that fell to a two month low beyond 86 per dollar mark. The domestic currency opened at Rs 86.25 per dollar but recovered slightly to 86.13 so far during the day. Yesterday, rupee rose 1 paisa to close to 85.52 against the US dollar. Benchmark indexes Sensex and Nifty fell around 1 percent each on Thursday in the face of trade uncertainties and heightened geopolitical risks. As per media report, Israel has launched unprecedented attack on Iran, targeting the heart of nations nuclear program and senior military leaders. The move plunges the Middle East into fresh uncertainty with the real risk of a wider regional war now breaking out.
