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F&O Tracker: No respite for index futures
F&O Tracker: No respite for index futures
Bears continued to dominate the market, dragging Nifty 50 and Bank Nifty lower, resulting in weekly losses of 2.5% and 2.7%, respectively. Nifty futures broke key support at 24,000, with further declines expected towards 23,000-23,100, while Bank Nifty faces downside risk toward 49,500-49,000. Both indices show increased short positions, signaling a bearish sentiment, with resistance levels ahead at 24,500 for Nifty and 51,000 for Bank Nifty.
Source:
thehindubusinessline.com
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