Hidden Weakness in Indian Markets Nifty & Banknifty. Daily Market Analysis Option Gurukul 8 Nov 2024

Hidden Weakness in Indian Markets Nifty & Banknifty. Daily Market Analysis Option Gurukul 8 Nov 2024

Indian markets unexpectedly missed to join the global rally driven by domestic factors. Additionally, foreign institutional investors (FIIs) have been pulling out capital, further pressuring the market. Both Nifty and Bank Nifty are showing signs of weakness from key breakout levels.

Banking stocks are sensitive to the risk of Fed decision on interest rate cuts.

Option Gurukul’s Market Insight
In this bearish environment, traders can use defensive option strategies like bear spreads or protective puts. With volatility continues, maintaining a hedged approach and focusing on quality stocks can help manage risk.

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