2 weeks ago

Nifty futures hint negative start; Brent surges to $91

Nifty futures hint negative start; Brent surges to $91
Sensex Today | Stock Market LIVE Updates: Nifty futures hints at a negative start; Brent surges to $91 · CNBC TV 18

Imagine a big scoreboard that shows how the stock market is doing.

In India, one important scoreboard is called the Nifty 50.

Before the market opened, a special signal called Nifty futures suggested the day might start with prices going down.

At the same time, the price of oil called Brent crude went up to $91 for one barrel.

When oil gets expensive, it can make many companies worried.

The Nifty 50 had already gone down for five days in a row.

People who study charts say the market has a safety line at 24,200 points.

If the market stays above that line, it might be okay.

Traders are also watching some companies like Paytm and Netweb Technologies.

Everyone is waiting to see what happens next.

Key facts

Market indicator
Nifty futures hinted at a negative start
Brent crude
Surged to $91, crossing $90 a barrel
Nifty 50 streak
Five straight days of losses
Key support level
24,200, after closing below 24,300
Put option watch
24,250 strike saw significant open interest addition
Nifty Bank support
Buying interest around 57,000
Stocks to watch
Paytm, SPR Auto, Netweb Technologies
Session
Weekly options expiry

Sources

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