Trade setup for Aug 3: Can NIFTY50 cross 24,500 on Monday? Check details
Indian stock market analysts are evaluating the NIFTY50's potential to cross 24,500 points following positive global cues and a sharp decline in crude oil prices. The market shows signs of strong support but potential short-term exhaustion.
The 24,000 puts hold the highest open interest, indicating strong support on the downside. Meanwhile, the 24,000 to 24,300 puts show strong open interest concentration, indicating strong downside protection for NIFTY50 Crude oil futures opened in the red on Monday morning after the US cancelled attacks on Iran. President Trump said the peace talks with Iran will resume today. Brent crude oil futures fell 7% to hit the $82 per barrel mark on Monday morning.
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in