Nifty may get support around 6,000 level
There is no denying the fact that the markets have been at their best level since the past two years but it is expected that as the September series expired above 6,000 on strong put side, analysts are echoing the fact that the Nifty may get support at the 6,000 levels.
For the record, the futures at the Nifty October closed at par and added 5.18 million shares in open interest.
As the investor sentiment is high, Nifty by all means has been running on a high since the situation improved in the marketplace.
In fact, as the situation is going on at present in the markets wherein the traders bought the 6,000-strike calls and sold the 6,200-strike calls of the October series, it is expected that the index will get a support from the investors at
6,000.
On the other end, the market watchers are of a view that they will see more consolidation in the banking stocks as HDFC Bank and State Bank of India are all set to move towards another bull run very shortly in the markets