Deploy Protective Put strategy on Nifty in the April F&O expiry week: Kunal Shah https://ift.tt/dWwITB7 Technical & Derivative analyst at LKP Securities, Kunal Shah, has said the range of the Indian markets for the expiry week is 17,500-17,800, and a move outside of this range would be decisive. Shah added that if the Nifty50 retains 17,500, the upward trend would resume, possibly towards 18,000-18,200. In terms of the IT industry, Shah suggested avoiding the sector and capitalising on any pullback rallies to exit or establish new short positions.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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