The most prominent stock market: the ribbons of the upholstery of the oud to reflect. How to trade on Monday

After showing a sustainable step in the last four sessions, NIFTY witnessed a great volatility on the day of the Federation’s 2025 budget in Parliament in a special trading session on Saturday and NIFTy closed today 26 points at 26 points amid high fluctuations.

A small negative candle has been formed on the daily chart with the upper and lower shades. Technically, this style indicates a high -wave candle style that indicates high fluctuations in the market. EMA, which is 200 days, has worked as a strong obstacle to the market at 23620 levels, and this led to the sale of pressure from the heights.

On the weekly graph, a long bull candle was formed, which was flooded with the formation of the previous two weeks. This bullish pattern, which wanders in the weekly graph, refers to a possible formation to reflect the bottom of the near-term in the elegance when the level of 22786. A decisive step over this obstacle can open more bullish direction about 24,000 levels in the short term. Nagaraj Sheetti of HDFC Securities said.

In open interest data (OI), the highest OI was observed on the side of the calls at a price of 23,500 and 23600 strike prices, while the highest OI level was 23300 the strike price followed 23,500.