Live: Nifty Set For More Volatility On Weekly Expiry Ahead of Independence Day Holiday? Opening Bell

Bears took control of Dalal Street, dragging the benchmark indices down by nearly nine-tenths of a percent on August 13. The Nifty 50 found support at 24,100, falling 208 points to close at 24,139. According to experts, the structure appears weak. As long as the index holds above 24,000, it suggests that the index may remain in consolidation and rangebound mode, with a hurdle on the higher side at 24,500. A break on either side (24,000-24,500) is expected to determine the next direction for the index. Among stocks in focus will be Hero Motocorp, Apollo Hospitals and Nykaa. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities.
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