F&O Talk: Nifty likely to remain rangebound, Bank Nifty may scale new peaks, says Rahul Ghose
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The Nifty saw sharp intraday swings on Friday, hitting a high of 24,589 before reversing gains to touch a low of 24,238, highlighting heightened volatility. Early optimism was driven by easing concerns over a potential U.S.-China trade war, as China signaled a willingness to negotiate. This, along with sustained foreign institutional inflows, lent support to domestic equities. Sector-wise, Oil & Gas, Financial Services, and Information Technology outperformed, while Consumer Durables, Metals, Realty, and Pharmaceuticals faced selling pressure. Rahul Ghose, Founder of Hedged.in, shared his outlook on Nifty and Bank Nifty along with index strategies for the upcoming week in an interaction with ET Markets. What is your broader view on markets? How are markets reacting to the Pahalgam attack and rising geopolitical tensions? Markets have been volatile following the tragic Pahalgam attack, with headline indices reacting to the increased ge...