India's benchmark equity indices are poised for new record highs as March contracts expire. The number of positions carried forward into the April series are higher than the previous three-month average reflecting increased confidence among traders. But will 9,200 of the Nifty, the call option for which has the highest accumulation in open interest, act as a key resistance level in the near term?
On ‘Surf's Up', which tracks weekly trends in equity derivatives, Ashish Chaturmohta of Sanctum Wealth Management says it is unlikely. He expects the index to scale new highs and is bullish on public sector banks. For more on what levels to bear in mind and stocks to watch, listen in.
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