Nifty 50 Index

NIFTY, what next?

Today, the market found support at the S4 level of the expiry pivot. Will it withstand or will the downtrend resume?
The day's option chain (expiry 08-08-2024) suggests a bleak outlook, hinting at a potential further decline.
snapshot
However, the last 30 minutes have shown signs of recovery.
snapshot
If global cues stabilize, there's a chance for recovery from the oversold territory.
NB: The tables are hard coded and not part of any script.

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