Index likely to consolidate in range; Key support at 22,000-22,100

By Gaurav Arora

The March series Nifty futures is currently trading with a premium of around 90 points as compared to 150 odd at the start of the series. For the Index futures, FII Net Index Long exposure is at 40% which was at 35% at the start of series.

The Index is likely to consolidate in the range of 22,000-22,550 before any meaningful move for the remaining part of the month. 22,000-22,100 might be the immediate support and only a decisive close below it might bring in some downside.

VIX for the Nifty is currently at around 14 and likely to remain in the 13 to 18 levels implying a range of around 850 points in a month.

Market rally leads to higher regulatory fees for stock exchanges Provident Fund: With Rs 25,000 monthly salary, how long will it take to reach Rs 1 crore corpus under EPF? State-run IREDA plans to raise nearly Rs 5,000 crore via FPO in Feb 2025 Delhi HC transfers coaching centre tragedy case to CBI