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Fresh bear hug can drag market down to 22,500
Mint Ahmedabad
|February 24, 2025
Options data for the monthly expiry week indicates a market range between 22,500 and 23,100
Nifty may open lower at around 22,500 on Monday with high volatility in trading amid a sharp fall in US equities on Friday, bulls trimming their optimistic bets and bears readying to break a strong support that's held up six times since last month. The market could temporarily bounce off Monday's lows, but rallies could be sold into, said market veterans. The strong support of 22,800, which was tested six times through Friday, could give way and trap the bulls initially this week, according to derivatives analysts. Market veterans said that global tariff tensions and slowing earnings growth back home have dented sentiment to the extent that potential rallies could be used by investors to tri
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