Indian benchmark indices fell amid volatility on May 9, ahead of the weekly expiry today. In the morning trade, the Nifty was down 160 points to 22,140. Options data suggests heavy call writing at 22,400 forming strong resistance for the day. Meaningful call writing is witnessed across 22,400-22,500 strikes.Analysts said the near-term support for the Nifty was at 22,200-22,250. Nifty has already f...

Following a rebound from around the lower boundary of the rising channel, notably around 22,150, and the subsequent defence of both 22,200 and 22,300 levels on a closing basis, the market appears poised to find support in these zones in upcoming sessions, prolonging the consolidation phase. Sustaining above the 22,200 mark for several sessions could pave the way for further upward momentum, potent...

The Nifty 50 remained volatile throughout the day on May 8. However, the short-term trend appeared weak as the index remained below the critical moving average, 21EMA (exponential moving average), on the daily timeframe.In the near term, the sentiment may continue to weaken as long as it stays below 22,400. On the downside, the index might decline towards 22,150.The BankNifty index encountered a v...

The benchmark Sensex and Nifty indices are likely to open on a flat note on May 9 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 4 points.India's benchmark Sensex and Nifty indices closed unchanged on May 8 as the market faced uncertainty over election results and subdued corporate earnings. However, broader markets showed resilience, with BSE Smallcap risi...

Benchmark indices BSE Sensex and NSE Nifty 50 extended losses after having opened mildly red on May 9. The ongoing general elections have been keeping the Street on its toes. The Sensex and Nifty have been trading weak for the last four sessions, falling from near all-time highs.While oil and gas, and construction companies led the losses, automobile companies were the top gainers.Larsen & Toubro ...