The moves were very volatile on Monday, with the Nifty Bank leading the fall, before seeing a minor recovery in the final few minutes of trade. Today is not just the monthly expiry for the Nifty contracts, but also the final day of the month and the quarter, before an action-packed second-half of the week begins, starting with the Auto sales data, quarterly business updates and the RBI Monetary Policy.
For the Nifty, Monday's low of 24,606 is the first level to watch on the downside, while the high of 24,791 is an important one on the upside. Analysts believe that till the Nifty closes above 25,000 or 25,200, any opportunity on the upside should be utilised as a selling opportunity.
Watch this space for all the live updates.