Nifty 50, Sensex on February 27: What to expect in trade today
Live MintThe Indian stock market indices, Sensex and Nifty 50, are expected to open on a muted note Tuesday tracking mixed global market cues. Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty OI Data Upon analyzing the Open Interest data, the call side showed the highest OI at 22,300, followed by the 22,500 strike prices. Nifty 50 Prediction The Nifty 50 index continued with a weak trend amidst range movement on February 26 and closed the day lower by 90 points. Bank Nifty Prediction The Bank Nifty index extended losses for the fourth straight day and ended 235 points lower at 46,577 on Monday. Despite the volatility, the overall undertone remains bullish, contingent on the index holding the support levels around 46,500 - 46,400 on a closing basis,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.