Team Investmint

The Indian stock market had a volatile day as Nifty opened with a gap and then closed flat, but now before making some violent moves on either side.

Indian stock markets opened with a gap but soon gave up the gains and closed in the red on the weekly expiry. Although the price action indicates a bullish sentiment, the immediate support levels are important to watch in the short term.

The Nifty opened with a gap down, close to yesterday's trading low, and continued to trade lower, breaking the previous range. However, tomorrow could have a bearish start, with over 1 lakh ITM Call options added throughout the day.

The Nifty opened positively and stayed flat throughout the day. However, tomorrow is an important day for the market to break out on the upside or downside after two days of consolidation.

Last Friday, the Nifty broke out of its consolidation, ending the day at its highs. The momentum continued as Nifty started the day on a positive note, with a significant gap up of 119.80 points (+0.65%), and Bank Nifty also commenced with a favourable start of 258.80